2017 Tax Planning Update for Corporations, Partnerships and LLCs

Dodging the Bullets and Opening the Floodgates

Winners, Losers and Cannon Fodder

Written and Instructed by Bradley Burnett, J.D., LL.M. (Taxation)

(4 hour course)

Our real bread and butter is helping business clients save money in taxes.  New tax developments both expand and limit what tax planning we may craft and engage.  This course highlights that which is new on the cutting edge.

OBJECTIVE:  To update the attendee with relevant new federal business tax developments occurring after last winter.

Highlights:

• Recent important court cases, regulations, rulings and related developments affecting businesses, C and S Corps, Partnerships, Multimember LLCs and Single Member LLCs
• How the Trump and Congressional proposals affect various profiles of business taxpayers
• Groundbreaking taxpayer victory for LLCs avoiding self employment (SE) tax – Finally, some definitive structuring guidance
• Avoiding S Corp employment tax by means of “loan repayment” – Brand spanking new case
• IRS’ swirl re: “placed in service date” after Stine
• §351 transaction tax free status – Watch out how you issue preferred stock
• S Corp basis cases keep flowing – Some good, some not so good – Has anything changed?
• How a buy sell agreement can save you tons and tons of bacon
• How a disregarded entity (DE) partner in a partnership’s allocation of debt affects basis
• Tax Benefit Rule – How it can bail you out or spank you around the room
• Offsets available when IRS attacks asserting past due employment taxes – Screaming good new case slices against IRS
• IRS’ latest demands on and tactics against taxpayers
• Tax planning and return prep implications galore
• Much more specifics supplied as new developments unfold

This course is, no kidding, up-to-date through the day it is presented