Tax Considerations & Consequences for Closely Held Businesses

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  • Date/Time
  • Location
    • College of Southern Idaho
      315 Falls Ave.
      Twin Falls, ID 83301
    • Map
  • Credits
    • 8.00
  • Credit Type(s)
    • Taxation (8.00)
  • Prerequisites
    • Experience in business taxation

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Taxation
  • Message
    • 1/2 hour lunch included

Description

Provide insightful recommendations for the challenges faced by your closely held business clients. Employ smart business decisions that will minimize the tax burden, not only on the business, but also on the owners. The concepts are uniquely laid out in the course to allow you to easily and quickly identify those tax- saving strategies that fit your client’s situation. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Designed For

Managers and partners in public accounting who assist clients with tax planning and transactions, and owners and CFOs of closely held businesses

Objectives

  • Recognize developing tax issues that are impacted by the business’ operations.
  • Recall key points concerning strategies relating to benefits, choice of entity, basis considerations, financing alternatives, passive activity, nexus, cancellation of debt, bankruptcy, and compensation.
  • Identify how to implement strategies to reduce the taxes paid by the business.
  • Recognize and plan for the impact of the business taxes upon the owners of the business.
  • Highlights

  • Entity options
  • Compensation
  • Retirement plans and deferred compensation
  • Passive activities and at-risk issues
  • Shareholder/partner basis
  • Insolvency and bankruptcy
  • Business losses
  • Distressed properties
  • Tax credits
  • Succession planning
  • Multistate taxation
  • Advanced Prep

    Download manual and test usability prior to morning of seminar

    Register Now

    Registration is closed. Please contact ISCPA at 208-344-6261 or email cpe@idcpa.org if you have any questions.

    Leaders

    Brian Gosline

    Brian Gosline, CPA, JD Spokane, WA

    2015 AICPA OUTSTANDING DISCUSSION LEADER AWARD RECPIENT

    BRIAN G. GOSLINE’s primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chair of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 412,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He was named an Outstanding Discussion Leader by the AICPA for 2015. Since 1990, he has been an adjunct professor of federal taxation and business law at the Gonzaga University Graduate School of Business where he was named MACC Faculty of the Year for 2010-2011.

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