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Course Details

Draws By An Owner Employee From A Closely Held Business

About This Course:
IRS loves to attack payments from closely held businesses to owners, particularly owner employees. The story is as old as the hills, but lately it plays out with some unexpected twists and turns.

Lessons learned from recent developments provide meaningful guidance as to how to structure to achieve optimal tax treatment of such draws.

Learning Objectives
  • To empower the participant to understand each context within which draws by owner employees from their closely held businesses are taxed
  • To master how to structure such payments for best tax results
  • How the rules for owner draws from C corps, S corps, partnerships, LLCs and sole proprietorships differ by context
  • Trends in reasonable compensation for C corps, S corps and partnerships
  • IRS' recent attack on "reasonable rents" (how do you figure a "reasonable rent" anyway?)
  • Structuring a reasonably low salary from an S corp
  • Structuring a reasonably low guaranteed payment from a partnership (can it even be done?)
  • Recent case instructing how a loan to an S corp can be repaid (by the S corp) (even when the repayment pays the shareholder's personal expenses)
  • How other taxpayers fail big on the loan repayment argument
  • IRS' recent constructive dividend frenzy in Tax Court
  • How C corps may not be as bad as you think
  • How S corps are faring better in the courts than partnerships currently (in avoiding employment tax) and what to do about it
  • Proper structure of loans and "capital to loan" ratios to keep it clean
Included Materials

All ACPEN courses include handouts that are available to download. Handouts typically include a version of the slides used by the presenter, as well as a full course manual or other materials.

How To Access Your Course And The Accompanying Materials

You will receive an email directly from ACPEN with instructions for accessing your course and any accompanying materials.

How To Get Your CPE Credits

This course qualifies for two CPE credit hours! In order to obtain CPE credit for viewing ACPEN webcasts, you must view the course during the scheduled date and time. Throughout the program, you will be prompted to save three attendance codes per hour. At the conclusion of the program, your CPE Certificate will be issued assuming all attendance codes have been saved and submitted. Detailed instructions for this process are included in the course introduction and in written form as part of course materials.
Course Details
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