Entity Classification: Rules and Elections
Review Classification Rules, Election Options, and Relevant Issues for Business Entities - Recorded 9/24/20
A business entity’s classification for federal tax purposes is critical to correctly reporting its activities and strategizing to minimize its tax liability. Certain domestic and foreign entities or activities have elections available that give great flexibility to how federal law taxes the entity. This course will review the classification rules, the election options available, and relevant issues for each election, including eligibility, making the election, revoking the election, and late elections.
Learning Objectives
Education Information
IRS Program Number: NMVBP-T-00153-20-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Self-Study
Field of Study: Federal Tax Law (IRS);
Credit hours: 2 IRS
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.