If Your Clients Have LLCs, FLPs,

C Corps, or S Corps,

Are You Giving Them the Right Advice?

You may set up these various business and investment entities when doing financial, estate tax or asset protection planning (or clients may come in with them).

But, are you familiar with the basic income taxation rules that pertain to these entities? If you’re not, your clients’ estate and financial planning could be adversely impacted and even result in potential liability for you!
Whether you’re a financial advisor, estate planning attorney or CPA, you should know:

• The unique and different tax treatment of LLC, FLP, C Corp and S Corp income

• How these entities work differently when distributions are made or ownership interests are sold

• What the benefit is of converting a C Corp to an S Corp (and how to explain it)

• How to identify the tax problems relating to the ownership of S Corp shares and how to solve them (including various QSSS, QSST and ESBT elections)

• And an alphabet soup of other special issues that can arise, including:

• PHC (personal holding company) tax

• E&P (earnings and profits)

• The BIG (“Built-In Gains”) tax

• AAA (accumulated adjustments account)

• OAA (other adjustments account)

You need to be able to converse intelligently with your clients and their other advisors - - and properly coordinate with those professionals to give clients the proper advice they expect.

Join us and nationally renowned CPA, Robert S. Keebler, for a special, 90-minute “what you need to know” teleconference entitled, “Taxation of Business Entities”.