Tax of Closely Held Businesses (TX-334)
This course will examine tax aspects of sole proprietorships, C corporations, S corporations, partnerships, and limited liability companies for small and closely held businesses. We will begin by examining issues that arise when selecting the type of entity, the annual accounting method, and setting compensation. Then, for each entity, we will discuss the consequences related to formation, distribution of profits and losses, and termination. Finally, we will examine how the selection of entity impacts the type of employee benefits that may be provided by the entity and the transfers of ownership interests during lifetime and upon death.

Course Name: TX-334
Departments: Tax Law
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Prerequisites: This course has a prerequisite of Advanced Federal Income Tax.
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