New Businesses - Advising Clients on Related Tax Issues
4.00 Credits
Member Price $159
Non-Member Price $209
Overview
One of the biggest tax mistakes made by businesses involves the selection of an inappropriate entity type or not properly handling the rules that apply to allow certain structures to be formed tax-free. Should a client be a corporate tax entity? Is it possible that they might qualify for a tax-free exit under Section 1202 so that a C corporation makes sense? Maybe an S-election is better? Or is this all wrong and is a tax partnership structure far more appropriate? This course will help participants understand both how to advise clients to select a proper entity and how to structure the formation to reduce or totally eliminate immediate taxation.
Prerequisites
Experience advising clients on tax matters
Designed For
CPAs, accountants, and financial professionals who advise clients that start new business ventures.
Objectives
- Explain the advantages and disadvantages of various business structures
- Recognize new businesses that could be formed to allow a tax-free exit via Section 1202
- Properly report the transactions related to business formations on tax returns
Preparation
None
Leader(s):
Leader Bios
Ini Adesanya, Kaplan Financial Education
Dr. Inibehe (Ini) Adesanya, ACA, FCT, CPA ,CGMA, MST, Ph.D. is the President of INI ADESANYA CPA, PLLC and also owns Global Tax Lady LLC. Dr. Adesanya has worked in various countries with conglomerates and multinationals, including banks and the entertainment industry. She also worked in public accounting before starting her practice. With 20 years of combined experience in accounting, business, and taxation, Dr. Ini Adesanya’s expertise covers complex domestic and international tax issues for both individuals and businesses
Dr. Ini Adesanya works with clients as a subject matter expert (SME) on tax cases and tax issues where she justifies her clients’ tax position based on tax law, treasury regulations, revenue procedures, and other related regulatory publications.
Dr. Adesanya has developed and taught courses on business taxation, for which she has received awards. She has also written and presented papers at various forums, organizations, and radio stations focusing on business, accounting, and US and international tax issues. Dr. Adesanya is a Chartered Accountant (ACA), a Fellow Chartered Tax Practitioner (FCIT), and a Certified Public Accountant (CPA) licensed in the states of Colorado and Texas. She is also a Certified Global Management Accountant (CGMA). She holds a B.S. in Human Anatomy and a Professional Degree in Accounting from Nigeria, as well as a Master of Science in Taxation from Golden Gate University San Francisco CA. She received her Ph.D. in Business Administration with a concentration in accounting and finance at Trident at American Intercontinental University, Chandler AZ; her dissertation focus was in taxation.
Non-Member Price $209
Member Price $159