4 Basic Tax Principles  (60 MINUTES)
This session provides an overview of the four main elements of the federal tax system: (1) an income tax on individuals, estates, trusts, and corporations; (2) payroll taxes on wages and on self-employment income; (3) estate, gift, and generation-skipping transfer taxes; and (4) excise taxes on selected goods and services.

What Are the Joint Committee Publications and Why Know About them?  (15 MINUTES)
This session introduces the Joint Committee on Taxation and the use of its publications as background research materials for the non-specialist. 

Business Income Tax Basics  (90 MINUTES)
This session compares and contrasts the tax requirements for, and the tax consequences of, the choice of entity and business formation, operations, distributions, and sales. The taxation of sole proprietors, limited liability companies, partnerships, S corporations, and C corporations is discussed.

Individual Income Tax Basics  (75 MINUTES)
This session covers the taxation of, and tax planning for, compensation, business income and losses, capital gains and losses, and charitable contributions. Minnesota tax rules are covered.

Discover the Tax Considerations for Estates, Gifts and Trusts  (60 MINUTES)
This session covers the taxation of estates, gifts and trusts, including holding S Corporation stock in trust and the impact of divorce on individual tax planning.

The Essentials of Real Estate Taxation – Commercial Real Estate, Second Homes and Vacation Properties  (45 MINUTES)
This session covers the taxation of commercial real estate, plus the taxation of second homes and vacation properties used for both personal and rental purposes. The passive activity rules that limit the current deduction of rental losses are discussed

What to Know About Tax Shelters – The Main Benefits and Pitfalls  (15 MINUTES)
This session highlights how business owners and wealthy individuals are targeted by tax shelter promoters, who are often long gone when an IRS issue arises. A brief history of tax shelters and current pitfalls are discussed.

– Mark A. Sellner, CPA, JD, LLM (taxation); Sellner Tax Consulting, LLC; Sarasota, Florida

Mark consults with other business advisers and their clients on tax matters, including S corporation and partnership taxation and the tax consequences of buying and selling a business. He holds an accounting degree (high honors) from the University of Illinois, a law degree from the University of Minnesota, and a masters degree in tax law from the Georgetown University Law Center. Mark is a member of the Minnesota Society of CPAs, where he has received the Excellence in Teaching Award and the Distinguished Service Award.

$245

Other discounts that may apply:

• Season Pass Discount
• On Demand Bundle Discount
• New Lawyer Discount

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.

Minnesota CLE is applying to the Minnesota State Board of CLE for 6.0 standard CLE credits. The maximum number of total credits attendees may claim for this program is 6.0 credits.

Depending on the jurisdiction in which you practice, you may or may not be able to claim credit for viewing this on demand seminar. Please check with your licensing agency for accreditation information.