Meeting/Event Information
Dayton Education Meeting
Description of Event / Meeting: When a client wants to discuss whether they should change entity types it is key to understand the tax impact of the conversion. It is not as simple as just reporting the change on the appropriate form. During this session we’ll discuss what happens when a limited liability company (LLC) adds owners or when the sale of interests leaves only one partner in that LLC. Additionally, we will address factors to consider when the LLC owner(s) wants to elect in or out of corporate status. Furthermore, Conversions to S Corporation and IRC § 351 election will be detailed. Finally, an in depth discussion on when and if entity will need a new Federal Identification Number.
Learning Objectives
- Discuss when and or if Entity needs new Federal ID Number
- Summarize steps required converting a Multi-member LLC (MMLLC) treated as partnership to a Single Member LLC treated as sole proprietorship
- Identify tax impacts of adding a member to a Single Member LLC (SMLLC)
- Determine tax consequences when a SMLLC converts to S Corporation
- Outline mechanics of converting MMLLC to S Corporation
CEUs associated with the meeting: 2 CEUs
The speaker: AJ Reynolds, EA- A.J. is an enrolled agent (EA) with over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. specializes in IRS Audits, Appeals, Collections, Innocent Spouse, Independent Contractor vs. Employee Issues, and Civil Tax Fraud Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Based in Sioux City, Iowa, A.J. nevertheless brings his everyday “in the trenches” experience to seminars nationally and internationally to assist attendees with real issues affecting tax professionals.
Program Number: 7WJAF-T-00393-26-O
Event Organizer:
Name: Mary Seeley
Telephone: 937-508-7217
Email: [email protected]
Tickets
$15.00 Member pricing
$35.00 Non-member pricing
