Tax professionals are often asked to assist taxpayers with deciding which entity structure would be most appropriate for their businesses. While the consideration and conversation often focus on the tax ramifications of the selection, there are other factors which must be considered. Prior to the Tax Cuts and Jobs Act, the conversation between a tax professional and client when making a decision about entity structure largely revolved around whether there was a need for legal liability protection and tax savings. Throughout this course we will analyze the advantages, disadvantages, tax reporting and other considerations among the available options. Instruction also includes several examples of the tax results for each entity option for various scenarios changing only one factor at a time in order to easily see the effects of each choice.
- Identify possible entity choices available to taxpayers
- Understand the difference between the entities available
- Recognize certain factors that make one entity choice more appropriate than the others
Length: 100 minutes (2 CE/CPE) each plus optional question-and-answer session (no CE)
Advanced Preparation: None
Program Level: Intermediate
IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00140-19-S
Delivery Method: Online Group/Internet-Based Webinar
Field of Study: Federal Tax (IRS)
Credit hours: 2 IRS
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. See below for more information regarding administrative policies, such as complaints or refunds, or contact Sherrill Trovato, EA, USTCP, President of Gregory & Associates, Inc., at 714.777.9359. There are no prerequisites or advanced preparation required for this webinar.
IRS Provider Number: NMVBP This webinar has been designed by Gregory & Associates, Inc. to meet the requirements of the IRS Return Preparer Office, including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230. This does not constitute an endorsement by the IRS RPO.
Webinar Policies, Refunds, Cancellations:
CE credits are available on the on-demand webinars only by receiving a passing score of 70% on the quiz that is available to you after completion of the on-demand webinar. The quiz must be completed within 3 months of the date the on-demand webinar is purchased to qualify for CE credit. Upon completion of the quiz, send an email to firstname.lastname@example.org with your name and PTIN if you wish to have IRS CE credit uploaded on your behalf.
Compass Tax Educators provides high quality instruction and content. There are no refunds for the purchase of on-demand webinars, but if you experience technical difficulties while viewing a webinar, contact us to resolve the issue.
If you have any questions regarding our refund policy, or any other administrative policy, please contact Sherrill Trovato, EA, USTCP at 714.777.9359 or Geri Bowman, CPA, EA, USTCP at 330.628.0415.
CPA EA USTCP
About the instructor
Geri Bowman, CPA EA USTCP, holds a BS, Accounting degree from University of Akron. Her tax and accounting firm in Mogadore, Ohio focuses on serving the small business market. She is a certified public accountant with more than 20 years’ experience, an enrolled agent, and was admitted to practice before the United States Tax Court in 2013. She is a Fellow of the National Tax Practice Institute and served as the NTPI Planning committee chair for several years. Since 2014 Geri has served as an instructor for a USTCP prep study course where she has assisted several others realize their goal of becoming admitted to practice before the Tax Court. She has taught for the National Tax Practice Institute and various NAEA state and local affiliates. Geri was presented with the 2015 President’s Award in recognition for her efforts with the education programs offered by NAEA, and she received the NAEA Excellence in Education award in 2016.