Course Year: 2012
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
|
CPE Credits |
Designation |
Field of Study |
| IRS * |
4 |
EA |
Federal Tax Law Topic |
| NASBA |
0 |
CPA |
N/A |
| CTEC |
4 |
CRTP |
Federal Tax Law Topic |
| CFP Board |
0 |
CFP® |
N/A |
* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.
Fees: $65 for Members and $89 for Nonmembers
Summary
This course is designed for tax professionals who want to explore the tax aspects of forming and operating an LLC. It covers the LLC’s tax classification, including the default rules, electing the LLC’s classification, and changing the LLC’s classification.
Table of Contents
Objectives
Upon completion of this course, you will be able to:
- Summarize the pros and cons of using an LLC.
- Compare LLCs to other business entities.
- Discuss the general tax consequences of converting an existing business entity to an LLC.
- Explain how an LLC is taxed under the default rules.
- Describe how a newly-formed LLC elects its initial classification.
- Explain how an existing LLC changes its current entity classification by completing Form 8832.
- Discuss how to treat a change in entity classification for tax purposes.
- Determine the tax consequences after there is a change in ownership.
For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Service Department at 800.558.3402, ext. 3.
CPE Sponsor Information