Prev MonthPrev Month Next MonthNext Month
CSTC Academy - LLC Classifications and Elections
Tuesday, July 28, 2020, 8:30 AM - 12:00 PM PDT
Category: CSTC Academy

Tuesday, July 28, 2020
8:30 AM to 12:00 PM

Topic: LLC Classifications and Elections
Speaker: Susan Tinel, EA, CRTP
4 Federal Tax Law Hours
IRS: 18QC1-T-01359-20-O
CTEC: 1000-CE-4753

Course Description:
LLC’s, while a more flexible entity than corporations for legal requirements, can be quite complex for tax purposes. As your LLC clients’ business operations and classifications change, you need to make sure that you’re able to advise them through this transition while preparing their tax returns. In this session, you will learn the different classifications an LLC can fall under for income tax filings and how to file the various elections that can be associated with an LLC.

Bonus material: Navigating LLC member changes
We will discuss and breakdown the various procedures, forms and issues that arise when an LLC changes membership, as well as the tax consequences with moving from one entity classification to the other.

Knowledge Level: Intermediate / Advanced

Learning Objectives:

#1: Introduction to LLC’s for income tax purposes and Default Classifications for filing income taxes

#2: Filling out Form 8832 & Form 2553 and when to order an EIN

#3: Proper steps for transitioning member changes in an LLC, tax consequences and reporting requirements

Susan Tinel, EA, CRTP

Susan Tinel is an Enrolled Agent with over 15 years of experience working with small and medium-sized businesses and individuals. Susan heads up April 15 Taxes, Inc., a full-service, cloud-based firm offering services in tax, accounting and entity filings. Based in San Diego, she works with more than 150 clients across the country, in Canada and the United Kingdom, 85 percent of which are small businesses. She is a QuickBooks Online Certified Advanced ProAdvisor. Susan teaches live events and webinars for tax and accounting professionals and businesses on various financial topics and practice management. Look for her articles and guides on various platforms, including and, about Taxes, Company Strategy, Personal Behavior and Ethics at work.


Contact: [email protected] or 949-715-4192