Taxation, Deductions & Compliance for LLC’s

Event Details

Taxation, Deductions & Compliance for LLC’s

Mr. Roth will share 31 years as a tax and business advisor

Some areas to be covered:

• Reasons to operate your business as an LLC
• Legal standing, alter ego—lost tax benefits, lost asset protection
• LLC taxation and legal structures (Single member, multi-member, partnership and corporation LLCs)
• Taxation of members (sole owner, partnership, employee, passive, S corp)
• LLCs holding real estate (passive activity v. business)
• S elections for LLCs
• Out-of-state LLCs, California and nexus tax issues
• Tax deductions for LLCs—recordkeeping, reporting, compliance
• LLC owned and personally-owned vehicles— Tax treatment and reporting
• Office in home—tax treatment for LLC businesses
• Operating agreements and tax deductions
• Loans v. capital—IRS problems if not documented
• Reasonable compensation for working owners of LLC S corps
• Where to deduct non-reimbursed expenses
• Reimbursement plans—accountable v. non-accountable
• Distributions of LLC earnings and property
• Tax issues when dissolving LLCs

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