Jeffrey Barth CPA Ohio California
taxplanningforllc&llps
Tax Planning for LLC & LLPs
Key tax planning steps:
The great tax nothing: Single-member limited liability companies
How the IRS views members or partners for Social Security purposes
Debt issues and problems in structuring LLC(s) and LLP(s), including loan guarantee issues, recourse and nonrecourse debt, and the at-risk basis rules
Death or retirement of a member or partner
Step-up in basis issues -- How to make the computations and elections
Property transactions between the LLC/LLP and its members or partners -- Inbound and outbound transactions
Compensation planning -- Use of guaranteed payments, distributive shares and Keogh plans
Sales of an Interest