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Reasonable Compensation for S Corps and Partnerships - Shifting Undercurrents and Brand New Consequences


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   5
Category:
ACPEN Industry Institute |  Tax
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Update
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.

Description

The playing field is shifting much more dramatically than meets the eye for owners of pass-through entities. Employment tax undercurrents are on the move. Wholly different income tax implications are in play. How to plan? Take our new 2 hour course and find out.

 

Basic Course Information

Learning Objectives
  • To take a practical fresh new look at reasonable compensation for owners of S Corps and partnerships and reevaluate related planning

Major Subjects
  • How planning to save employment taxes for S corps is on the chopping block 
  • How recent cases, regs and rulings have shaken, but not broken, planning to reduce SE tax of a partner 
  • Profound insights from IRS’s new Partnership and SE Tax Concept Unit
  • How compensation of owners plays against income tax (under §199A)
  • A alternative (?) to paying comp from a partnership
  • How reasonable comp in other contexts is also shifting in light of wholly new developments
  • To learn how the courts are increasingly using “cut and paste” lego-type pieces to sort the differences between compensation, loans, dividends and distributions

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 19


Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.


Dates

Wed, Nov 06, 2019 - 02:00p to 04:00p CST
Mon, Nov 18, 2019 - 08:00a to 10:00a CST
Sat, Dec 07, 2019 - 10:00a to 12:00p CST
Thu, Dec 19, 2019 - 12:00p to 02:00p CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For CPAs and others desiring an update as to effective income tax and employment tax planning for closely held business owner compensation
Original Recording Date 07/18/2019
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 07/03/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based

Promo Video

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