STRATEGIC TAX PLANNING
August 18 @ 8:30 am - 4:30 pm$270
This is an 8-hour video conference (8 credits) led by Lucien Gauthier, Esq., LL.M., CPA.
Topics include a detailed discussion of many of our finest strategic tax planning ideas in areas such as a comparison of C vs. S corps (including effective tax rates and other pertinent factors); the continuing significant benefits of S corps including Section 199A; taxation of C corps including a 21% flat tax rate, no AMT, unreasonable compensation, accumulated earnings, PHC, personal service corporations/qualified personal service corporations, and the possible sale of personal goodwill to avoid a tax at the C Corp level; methods of accounting for taxpayers whose average annual gross receipts do not exceed 25M (indexed) including the possible expensing of inventory when purchased, and tax year rules; tax treatment of passive activities for purposes of sections 469, 1411 and 199A; grouping; real estate professionals and a possible late election to aggregate rental real estate activities; independent contractors; discounts in valuing closely-held stock; abatement of taxpayer penalties using First Time Abate Administrative Waiver and U.S. v. Boyle; avoidance of preparer penalties; and much more.
Live Zoom Video Conference (6/22 9am – 5pm, 8/18 8:30am-4:30pm)