Description:
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IRS loves to attack payments from closely held businesses to owners, particularly owner employees. The story is as old as the hills, but lately it plays out with some unexpected twists and turns.
Lessons learned from recent developments provide meaningful guidance as to how to structure to achieve optimal tax treatment of such draws.
Learning Objectives
- To empower the participant to understand each context within which draws by owner employees from their closely held businesses are taxed
- To master how to structure such payments for best tax results
- How the rules for owner draws from C corps, S corps, partnerships, LLCs and sole proprietorships differ by context
- Trends in reasonable compensation for C corps, S corps and partnerships
- IRS' recent attack on "reasonable rents" (how do you figure a "reasonable rent" anyway?)
- Structuring a reasonably low salary from an S corp
- Structuring a reasonably low guaranteed payment from a partnership (can it even be done?)
- Recent case instructing how a loan to an S corp can be repaid (by the S corp) (even when the repayment pays the shareholder's personal expenses)
- How other taxpayers fail big on the loan repayment argument
- IRS' recent constructive dividend frenzy in Tax Court
- How C corps may not be as bad as you think
- How S corps are faring better in the courts than partnerships currently (in avoiding employment tax) and what to do about it
- Proper structure of loans and "capital to loan" ratios to keep it clean
Included Materials
All ACPEN courses include handouts that are available to download. Handouts typically include a version of the slides used by the presenter, as well as a full course manual or other materials.
How To Access Your Course And The Accompanying Materials
You will receive an email directly from ACPEN with instructions for accessing your course and any accompanying materials.
How To Get Your CPE Credits
This course qualifies for two CPE credit hours! In order to obtain CPE credit for viewing ACPEN webcasts, you must view the course during the scheduled date and time. Throughout the program, you will be prompted to save three attendance codes per hour. At the conclusion of the program, your CPE Certificate will be issued assuming all attendance codes have been saved and submitted. Detailed instructions for this process are included in the course introduction and in written form as part of course materials. |
| About Webcasts / Audio Conferences / Podcasts: | Webcasts, audio conferences, and podcasts are presentations that you
attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions. The live
versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends! And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office. Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions. |
