Disregarded Entities : Now You Don’t See Them, Now You Do
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 81
- Categories:
- ACPEN Industry Institute | ACPEN Tax Institute | IRS Approved | Tax
- Faculty:
- Bradley Burnett, J.D., LL.M.
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
Description
What is a disregarded entity (DE)? It is a business entity that is generally disregarded from its owner for federal income tax purposes, but not disregarded for (some or all) other purposes. If an entity is "disregarded" for federal income tax purposes, it may be "regarded" for other federal tax and state law purposes. Yes, indeed, a plethora of exceptions to being "disregarded" exist. This unexpected, eye opening course capably explores and drills into what the tax planner, tax preparer and taxpayer must know about the disregarded entity rules and exceptions to them. It also illuminates why you can't afford not to care.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
Basic Course Information
Learning Objectives*To learn how to analyze and detect when an entity is disregarded and when it is regarded
*To take advantage of (and avoid getting clobbered by) the differences between the same entity being regarded in some contexts and disregarded in others for maximum asset protection and tax savings
Major Subjects
* Disregarded entities (DE)s for income, employment, excise and transfer tax purposes
*LLC (partnership), SMLLC (single member LLC), grantor trust and Qsub compared
*LLCs, transfer (estate and gift) taxes and valuation (long live Pierre!!)
*Can an owner and DE have different methods of accounting? Oh really
*Asset protection benefits, pitfalls and tax advantages - Some states great, others pathetic
*When a DE must get a separate EIN from its owner, tax reporting (K-1s, 1099s, etc.), IRS matching, W-9s and backup withholding – How to avoid an unhappy ending
*Spouses owning and operating LLCs - How best to structure?
*Employment tax liability heaven or hell - Place your bet “up front”
*Like kind exchanges and DEs
*Tax effects of sale or liquidation of DEs
*Are Grantor Trusts DEs? They walk, quack and swim like ducks, but do they have duck DNA?
*Nooks and crannies in the check-the-box regs and rules - Why you can't afford not to care
*DE federal law vs. state law distinctions and intricacies - The opportunity and snare lie in the details
Course Materials
| Disregarded_Entities_Slides (0.16 MB) | Available after Purchase | ||
| Disregarded Entities_Q&A (0.01 MB) | Available after Purchase | ||
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| IRS CE Credit Request Form (0.15 MB) | Available after Purchase | ||
Faculty
Bradley Burnett, J.D., LL.M. Related Seminars and Products
Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor.
Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs, professionals in industry, tax planners, attorneys and taxpayers desiring to maximize asset protection and tax avoidance and minimize asset and tax exposure of business entity structure
Original Recording Date 09/28/2016
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 09/14/2016
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement
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
Instructional Delivery Method Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Promo Video
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