WEBINAR: Disregarded Entities: Now You Don't See Them, Now You Do

What is a disregarded entity (DE)? It is a business entity that is generally disregarded from its owner for federal income tax purposes, but not disregarded for (some or all) other purposes. If an entity is "disregarded" for federal income tax purposes, it may be "regarded" for other federal tax, federal law and state law purposes. Yes, indeed, a plethora of exceptions to being "disregarded" exist. This unexpected, eye opening course capably explores and drills into what the tax planner, tax preparer and taxpayer must know about the disregarded entity rules and exceptions to them.

Learning Objectives

• Recognize how to analyze and detect when an entity is disregarded and when it is regarded
• Identify how to take advantage of the differences between the same entity being regarded in some contexts and disregarded in others for maximum asset protection and tax savings
• Identify issues under the check-the-box regulations
• Identify the new BBA (CPAR) rules affecting disregarded entities, which in places, replaced the prior TEFRA rules
• Identify the type of arrangement that reduces the employer share of employment taxes
• Identify the effect of being a disregarded entity on a partner’s basis in his partnership interest