Description
Understand the benefits and complexities of electing to be taxed as a partnership.Navigate through the evolving tax treatment of passthrough entities and understand its basic principles, issues that arise when working with entities taxed as partnerships, and considerations for when to use a passthrough entity. This topic will help you understand the complexities of partnership taxation created by the duality of the partnership’s existence as a separate entity and as a passthrough, including the framework of the Code 167199A qualified business income deduction. Electing to be taxed as a partnership offers substantial benefits for your clients that can both simplify and add complexity depending on the situation. This information will introduce you to Subchapter K and discuss planning strategies, cautions, and the gray areas.
Date: 2021-06-23 Start Time: End Time:
Learning Objectives