Fundamentals of Entity Selection
Tuesday, June 22, 2021
10:45 AM to 12:25 PM

Speaker: Jane Ryder, EA, CPA
2 Federal Tax Law Hours
IRS: 18QC1-T-01474-21-O
CTEC: 1000-CE-4875

Session Description:
This session compares and contrasts the filing requirements, tax implications, and other pros and cons for compliance matters and other considerations related to business entity selection; S-Corps, C-Corps, General Partnerships, Limited Partnerships, LLC filing choices, Sole Proprietorships, and individual investment real estate ownership. Learn how these entities have been impacted by TCJA and other tax laws including QBI, reasonable compensation, shareholder and partner reimbursement plans, new partnership audit rules, guaranteed payments, and more. Understand other entity considerations such as where to form, residency status of owners, favorable features for family members and related parties. Review tax practitioner risks and responsibilities related to helping clients make entity selections.

Knowledge Level: Basic

Learning Objectives:

#1: Identify favorable business entity choices for selected business models and ownership scenarios.

#2: Become familiar with various possible client pitfalls of entity selection that may impact taxpayer compliance matters and demonstrate the tax benefits and other tax matters related to a specific entity choice.

#3: Recognize tax practitioner risks and responsibilities regarding business entity selection.

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm and writes and speaks on many income tax, business compliance and accounting topics. Jane has a business centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance related issues. She earned a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and admitted to practice before the the Internal Revenue Service as an Enrolled Agent.