This course reviews and compares the primary business entities and the fringe benefits associated with each format. Sole proprietorships, S corporations, C corporations, partnerships, and limited liability companies are analyzed as to formation, operation, and ultimate disposition.
Emphasis is given to the maximization of tax benefits in each business format. Fringe benefits, retirement plan alternatives and nonqualified deferred compensation are discussed in detail.
To evaluate sole proprietorships, partnerships, corporations and limited liability companies, alerting practitioners to the tax traps, planning opportunities, fringe benefits, and legal implications in selecting a business entity.
- Entity Formation
- Administrative Cost & Fees
- Schedule C
- Self-Employments Tax
- Estimated Taxes
- Classification of Assets
- Comparative Tax Rates
- Business Dispositions
- Conduit Entities
- Controlled Group Rules
- Business T&E
- Compensation Limitations
- Forms 1065, 1120 & 1120s
- Fringe Benefits
- Passive Loss Rules
- Related Party Transactions
- Personal Service Corporations
- Personal Holding Companies
- Accounting Method & Tax Year
- Retirement Plans
- Estate & Gift Planning
Upon ordering this course, you will immediately receive instructions how to download the course as an Online pdf document. Included in this email will be log-on instructions for taking the certification exam. You have one year from date of purchase to complete the course.Exam Format
After you have completed reviewing the text material, you may take your exam in our convenient, untimed online format. Tests average 5 questions for each CPE credit offered. For example, a CPE test worth 20 credits would include about 100 questions.
A score of 70% or better is required to pass this course, although there is no limit to the number of times you may take the exam in order to pass.CPE Certification
When you successfully pass the exam, your Certificate of Completion will be displayed on the screen. Print it out on your printer by using the “Print” command in your web browser.
This course is accepted in all but the following states for CPE credit: FL, MN, MS, OR, SC, & TN.
Course Level: Basic
Field of Study: TaxationIf you would like to purchase this course with a printed book included, click HERE to order.About The Author
Danny C. Santucci earned his Bachelor of Arts in Political Science from the University of California at Irvine in 1969. He received his Juris Doctorate from Boalt Hall School of Law, University of California at Berkeley in 1972, at which time he began practice as a tax attorney in Southern California, and later established the law firm of Santucci, Potter and Leanders, in Irvine, California.
Serving as a lecturer for the Continuing Education of the Bar of California, Golden Gate University, and numerous state C.P.A. societies, Danny teaches a variety of tax, business and real estate courses. Danny is in demand all across the country as a speaker for all levels of professional and civic organizations and numerous major seminar circuits.