CPE Course Incorporating a Business

October 23, 2017

3:30 PM — 7:00 PM

Location Webinar

Member Price $120.00
Non-member Price $188.00

Curriculum Taxation

Field of Interest

Level Overview

Designed For

CPAs and attorneys with at least two years of experience advising owners of privately held businesses; financial management and owners of privately held corporate businesses; IRS and FTB employees.

4.00 credits

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Objective

  • Recognize tax consequences of receiving something other than stock ("boot").
  • Identify and illustrate complications related to liability assumptions.
  • Recall anti-abuse rules related to transferring assets with built in losses.
  • Determine how to apply IRC 351 to transactions converting partnerships and LLCs to corporations.
  • Identify special complications related to incorporating an existing business.
  • Recognize the complications related to transfers involving both property and performance of services.

Highlights

  • IRC 351: qualification for tax deferred result and application of to transactions converting partnerships and LLCs to corporations.
  • Incorporating existing businesses.
  • Transfer involving both property and the performance of services.
  • Transfers with both corporate debt and stock received for property.
  • Complication when corporation has multiple classes of stock.

Instructors

Prerequisites

Basic understanding of federal income tax law applicable to corporations.

Developer

California Society of CPAs

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