Chapter 13: Entity Choice & Formation Strategies

In this section

• C Corp vs. S Corp vs. Partnership vs. LLC: Tax Impact & Liability
  Explore crucial distinctions among C Corporations, S Corporations, Partnerships, and LLCs in terms of double taxation, pass-through taxation, liability, ownership constraints, and self-employment taxes. Gain insights to make informed entity selection decisions aligned with strategic tax planning objectives.
• §351 & §721 Nonrecognition Transactions & Built-In Losses
  Discover how IRC §§351 and 721 enable tax-deferred entity formation, including decision trees for intangible and IP property transfers, built-in gains, and built-in losses.
• Leveraging Special Allocations & Ownership Classes for Optimal Outcomes
  Discover advanced strategies for shifting income, optimizing deductions, and structuring effective ownership classes. This comprehensive guide explores IRC provisions, partnership allocations, multi-tiered share classes, and real-world case studies tailored for CPA candidates seeking mastery in tax compliance and planning.
• Planning Around Qualified Small Business Stock (QSBS) Exclusions
  Comprehensive guidance on maximizing tax benefits from Qualified Small Business Stock (QSBS), exploring holding periods, percentage exclusions, and entity conversions for optimal planning.