TELESEMINAR: Employment Tax Planning Across Entities – A National Perspective
July 15, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
Recent health care legislation has substantially altered landscape of employment tax and distribution planning for C Corps, S Corps and LLCs. Familiar tradeoffs and calculations in distributing money to a business owner as a salary versus a distribution or as a retirement payment have been substantially scrambled by the law’s imposition of a new Medicare tax and a 3.8% tax on certain types of investment income. The benefits of using an S Corp instead of an LLC because of certain employment tax savings has also changed. Choice of entity and distribution planning in Corps, S Corps and LLCs are now in a whole new world of considerations. This program will provide you with a practical guide to the new law, how it imposes new taxes and alters conventional planning in this area, and new techniques to minimize employment taxes and the new tax on investment income in C Corps, S Corps, and LLCs.
- Employment tax planning across C Corps, S Corps, LLCs and partnerships
- Impact of the new Medicare Tax on different forms of entities
- S Corp planning opportunities – employee-owner salaries v. distributions
- Risk of “unreasonably low” compensation in S Corps
- Planning with the new 3.8% tax on net investment income
- Recent IRS audit activity in this area
Alson R. Martin, Lathrop and Gage, LLP, Kansas