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Course/Product Description
Title:

Draws By An Owner Employee From A Closely Held Business

SKU:WT-1010321
Format: Webcast/Audio Conference/Interview/Podcast
Description:

Draws By An Owner Employee From A Closely Held Business
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.
Licenses / Designations / Educational Credits:CPE
About The Provider: The Accounting Continuing Professional Education Network (ACPEN) CPE network, sponsored by State CPA Societies in many states, is dedicated to bringing highly relevant, interactive, and world-class professional development and CPE courses to every CPA in the most convenient and economical ways possible.

ACPEN/The Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

About Our ACPEN Webcast Training

TrainingCenter partners with ACPEN to bring great training to banking and accounting professionals. All of our courses are offered as live webcasts to give students the benefits and interaction of live training without the hassle of travel.

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.

Our ACPEN Training Courses

Below is just a sample of the training courses that are offered through TrainingCenter and ACPEN
Price: $79.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Draws By an Owner Employee from a Closely Held Business 10/23/2020$79.00
Draws By an Owner Employee from a Closely Held Business 11/6/2020$79.00
Draws By an Owner Employee from a Closely Held Business 11/20/2020$79.00
Draws By an Owner Employee from a Closely Held Business 12/9/2020$79.00
Draws By an Owner Employee from a Closely Held Business 12/21/2020$79.00
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