Source: https://www.cpethink.com/course/choosing-the-right-entity-and-getting-cash-out-of-it-from-a-tax-perspective
Timestamp: 2019-09-20 07:42:35
Document Index: 744935580

Matched Legal Cases: ['§704', '§7704', '§761', '§704', '§705', '§709', '§704', '§706', '§708', '§706', '§706', '§707', '§707', '§706', '§707', '§721', '§707', '§704', '§737', '§737', '§704', '§723', '§704', '§704', '§724', '§724', '§722', '§752', '§1031', '§351', '§751', '§751', '§743', '§754', '§743', '§755', '§743', '§731', '§733', '§732', '§732', '§732', '§735', '§754', '§734', '§751', '§704', '§441', '§448', '§469', '§1243', '§1044', '§1202', '§195', '§248', '§1212', '§132']

Choosing the Right Entity and Getting Cash Out of It from a Tax Perspective
Choosing the Right Entity and Getting Cash Out of It from a Tax Perspective (Course Id 122)
Taxes - Taxes for Course Id 122
How to Choose the Right Business Entity Nationwide Incorporators
Revision Date : 09-Jul-2018
NASBA QAS - NASBA Registry - IRS Enrolled Agents - 122
Keywords : Taxes, Choosing, Right, Entity, Getting, Cash, Out, It, from, Tax, Perspective, cpe, cpa, online course
Corporations - 21% Rate
Chapter 1 - Sole Proprietorship
Deduction & Loss Limit
Profit Presumption - 3/5
Due Date - Form 1040
Extension to File - Form 4868
Business Entity Impact
Underpayment of Tax - Form 2210
Other Business Dispositions
Chapter 2 - Partnerships
Section 761(a)
Partner’s Share of Tax Items
Family Partnerships - §704(e)
Publicly Traded Partnerships - §7704
Exclusion from Partnership Treatment - §761
Complete Exclusion Election
Partial Exclusion Election
Partners Taxed as Individuals
Exception - Separate Entity for Some Purposes
Individual Returns & K-1s
Partnership Expenses Paid By a Partner
Separately Treated Items
Character of Items & Limitations
Outside Basis Limitation - §704(d)
Loss Ultimately Deductible
Effect of Losses on Outside Basis - §705
Organization & Syndication Fees - §709
Failure to Furnish Copies to Partners
Special Allocations - §704(b)
“Substantial Effect”
Year Taxable - §706(a)
Limitation on Choice of Taxable Year
Closing of Partnership Year
Events That Terminate Partnership - §708(b)
Sale of 50% or More Interest - Repealed
Events That Do Not Close the Year - §706(c)
Sale of Individual Partner’s Interest
Admission of New Partners - §706(d)
Daily Allocation Required for Cash Items
Treating Partner as Stranger - §707(a)
Payments by Accrual Basis Partnership to Cash Basis Partner
Guaranteed Payments - §707(c)
Year Taxed - §706(a)
Payments Resulting in Loss
Accident & Health Insurance Premiums
Certain Losses Disallowed - §707(b)
Sales at Gain
Contributions of Property - §721
Contribution vs. Sale or Exchange
Disguised Sale - §707(a)
Disguised Taxable Exchanges - §704 & §737
Property Distribution to Contributing Partner - §737
Contributed Property Distribution to Another Partner - §704(c)
Inside Basis of Contributed Assets - §723
Allocation of Precontribution Gain or Loss - §704(c)
Earlier Optional Application of §704(c)
Character of Subsequent Gain
Taint On Contribution- §724
Character of Subsequent Loss - §724(c)
Basis of Partner’s Interest - Outside Basis
Original Basis - §722
Effect of Liabilities - §752
Deemed Distribution & Contribution
Special Rule for Liabilities of Cash Basis Partnership
Partner’s Share of Partnership Liabilities
Limits on Deduction of Partnership Losses
Definition of Amounts at Risk
Like-Kind Exchanges - §1031
Transfers to Controlled Corporations - §351
Partner’s Interest Basis
Hot Assets - §751
“Inventory Items”
Basis of §751 Property
Capital Gains - Regulations
Inside Basis after Transfer of Partnership Interest
General Rule - §743(a)
Special Basis Adjustment - §754 & §743(b)
Allocation of Basis - §755
Substantial Built-in Loss - §743(d)
Partnership Distributions - §731
Partner’s Interest - §733
Property Received - §732
Basis Limitation - §732(a)
Liquidating or Complete Distribution
Allocation of Basis When Limited - §732(c)
Partnership’s Basis Greater Than Partner’s Basis
Partner’s Basis Greater Than Partnership’s Basis
Holding Period - §735
Partnership Property - §754 & §734
Distributions of Receivables or Inventory
Proportionate Distributions
Disproportionate Distribution - §751(b)
Types of Liquidating Distributions
Liquidating Distributions of Money
Distributions of Property in Liquidation
Chapter 3 - Limited Liability Companies
Advantages of LLCs over C Corporation
Advantages of LLCs over Limited Partnerships
Substantial Economic Effect Rules - §704(b)
Advantages of LLCs over General Partnerships
Leveraged Buyouts - LBO
Proposed Amendments to Limited Partner Regs
The Old Quandary – What to Do?
Chief Counsel Advice 201436049
Conversion of Partnership to LLC
Conversion of S Corporation to LLC
Conversion of C Corporation to LLC
Local Taxes on Conversion
California Limited Liability Company Act Example
California LLCs in Other States
Franchise Tax Board Requirements
California Taxes & Fees
Entity-Level Fee
Computation of Gross Receipts
Chapter 4 - Corporations
Partnership Determinations - 3 Through 6
Trust Determinations - 1 & 2
PSC Corporations - §441, §448, §469
Small Business Investment Company - §1243
Rollover of Gain from Sale of Securities - §1044
Postponed Amount
Annual Limit on Postponed Gain
Small Business Stock Exclusion - §1202
Eligible Gain Limit
Capital Gains & Investment Interest
Start-Up Expenses - §195
Organizational Expenses - §248
Capital Gains & Losses - §1212
Net Capital Loss Carryovers
Netting Capital Gains (Losses)
Accumulated Earnings Tax Trap
Chapter 5 - S Corporations
Chapter 6 - Basic Fringe Benefits
Qualified Transportation Disallowed- §132(f)
25% Credit Allowed For Employer Child Care Facilities
Chapter 8 - Nonqualified Plans
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