IN-PERSON PASSHOLDERS:
You may use your Pass to register for the live webcast package at no charge.
ONLINE
See the "Schedule & Faculty" tab below for course titles, dates, and times
LIVE ONLINE ONLY – NO IN-PERSON ATTENDANCE
In-Person Passholders – You may use your Pass to register for the live webcast package at no charge.
Join presenter Mark A. Sellner, CPA, JD, LLM (taxation) as he analyzes and discusses case studies highlighting tax planning opportunities, as well as tax traps for the unwary in advising business and individual clients. The first seminar will cover how the tax consequences of business transactions flow from the related legal relationships. The second seminar will walk through the components of an individual income tax return to cover issues for you and your clients.
Times listed are Central Time.
Monday, August 23, 2021
9:00 a.m. – 12:15 p.m.
Tax Planning and Pitfalls for Advising Business Clients
9:00 – 10:00 a.m.
Essential Elements of Business Entity Taxation
The tax requirements for and the tax consequences of formation, operations, distributions and sales of business entities will be compared and contrasted. The taxation of sole proprietors, limited liability companies, partnerships, S corporations and C corporations will be covered.
10:00 – 10:30 a.m.
S Corporation Case Studies, Part I
The pros and cons of structuring and operating S corporations with qualified S corporation subsidiaries (QSubs) will be discussed.
10:30 – 10:45 a.m.
BREAK
10:45 – 11:15 a.m.
S Corporation Case Studies, Part II
The tax consequences of selling S corporation stock versus S corporation assets and the related transaction structures will be discussed.
11:15 – 11:45 a.m.
LLC Case Studies, Part I
The drafting and related tax consequences of operating agreement provisions will be discussed.
11:45 a.m. – 12:15 p.m.
LLC Case Studies, Part II
The tax consequences of selling LLC member interests versus LLC assets and the related transaction structures will be discussed.
– Mark A. Sellner, CPA, JD, LLM (taxation); Sellner Tax Consulting, LLC; Sarasota, Florida
Monday, August 23, 2021
1:00 – 4:15 p.m.
Tax Planning and Pitfalls for Advising Individual Clients
1:00 – 1:30 p.m.
Avoiding Taxpayer Penalties: Ethics Rules Regarding Tax Positions
The avoidance of taxpayer penalties with proper tax planning will be discussed.
1:30 – 2:00 p.m.
Tax Planning for Compensation Income
The tax consequences of salary deferrals, stock options, employee stock purchase plans, and tax-free fringe benefits will be discussed.
2:00 – 2:30 p.m.
Tax Planning for Business Income
The tax consequences of S corporation reasonable compensation and LLC guaranteed payments will be discussed.
2:30 – 2:45 p.m.
BREAK
2:45 – 3:15 p.m.
Tax Planning for Business Losses
The passive loss rules and the hobby loss rules will be discussed.
3:15 – 3:45 p.m.
Tax Planning for Capital Gains and Losses
The tax consequences of property transactions will be discussed.
3:45 – 4:15 p.m.
Tax Planning for Charitable Contributions
Funding and gifting strategies for charitable contributions will be discussed.
– Mark A. Sellner, CPA, JD, LLM (taxation); Sellner Tax Consulting, LLC; Sarasota, Florida
$260 MSBA members / $260 paralegals / $300 standard rate
Other discounts that may apply:
Scholarships available!
Need-based scholarships are available for in-person and online seminars. For further information or to obtain a scholarship application, contact us at 800-759-8840 or customerservice@minncle.org.
This package provides 6.0 total CLE credits. Credits should be reported individually for each webcast attended, not the package as a whole.
Minnesota CLE has applied to the Minnesota State Board of CLE for the standard, ethics, and elimination of bias CLE credits as listed below. Application has been made to the Minnesota State Bar Association for any "specialist" credits and to the Supreme Court ADR Program for any continuing education in ADR credits.
Click titles for credit status and individual event codes.
Tax Planning and Pitfalls for Advising Business Clients
3.0 standard CLE credits
Tax Planning and Pitfalls for Advising Individual Clients
3.0 standard CLE credits
