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Courses/Tax/NASBA - Taxes *

Partnership, LLCs S Corps Tax Planning

Planning for Pass-Throughs and DREs

Created byNicholas Preusch
4.0
(5 reviews)
BeginnerUpdated Jul 27, 2024
Partnership, LLCs S Corps Tax Planning

What You'll Learn

check_circleDetermine optimal entity structures for tax benefits and compliance.
check_circleApply tax planning strategies for federal, state, and pass-through taxation.
check_circleCreate succession and exit strategies for business continuity.
check_circleAddress and avoid common flow-through tax issues and pitfalls.

About This Course

In today’s complex economic landscape, tax planning for closely held businesses is more crucial than ever. Our comprehensive CPE webinar, "Strategic Tax Planning for Partnerships, LLCs, and S Corporations," provides essential insights and strategies to navigate the intricate world of flow-through entity taxation. This session is designed to equip tax professionals, financial advisors, and business owners with the knowledge to optimize tax outcomes and ensure compliance with evolving regulations.

Key Topics Covered

Structuring Techniques:

  • Entity Selection: Explore the pros and cons of corporations, LLCs, and partnerships to determine the optimal structure for your business.
  • S Corporation Elections: Understand eligibility requirements, benefits, and how S Corps compares to other entity types.
  • Governance and Control: Learn about shareholder and operating agreements to establish effective governance and dispute resolution mechanisms.

Tax Planning and Compliance:

  • Federal and State Tax Considerations: Stay updated on recent tax law changes and navigate state-specific tax issues.
  • Pass-Through Entity Taxation: Maximize deductions with strategies for the Qualified Business Income Deduction (Section 199A) and plan for tax-efficient distributions.

Succession Planning and Exit Strategies:

  • Succession Planning: Develop strategies for seamless generational transitions and the use of buy-sell agreements.
  • Exit Strategies: Evaluate mergers, acquisitions, and ESOPs to structure effective exit plans and maintain business continuity.

Emerging Issues and Future Trends:

  • Technological Advancements: Understand the impact of digital transformation on tax planning and compliance.
  • ESG Considerations: Incorporate environmental, social, and governance factors into your strategic planning.

Top Ten Significant Flow-Through Issues and Areas to Avoid:

  • Critical Flow-Through Issues: Address issues such as basis calculations, self-employment taxes, and passive activity loss limitations.
  • Avoidance of Common Pitfalls: Learn how to avoid improper income allocation, documentation failures, and mismanagement of partnership agreements.

Your Instructor

Nicholas Preusch
Nicholas Preusch
menu_book28 courses
star423 reviews

Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.

Credit Information

What Students Are Saying

4.0
Student's Choice
5 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.