Course Description
A disregarded entity, or an entity that is not separately regarded from its owner for tax purposes, has many popular uses. A disregarded entity may be used to operate a business, owned and operated by a single-person, or may be used to invest in a partnership or S corporation. Whatever the reason an owner chooses to organize and operate a disregarded entity, income earned by a disregarded entity is personally reportable by the owner of the disregarded entity for federal tax purposes.
There are two types of disregarded entities that will be explored in this course:
1) The single-member limited liability company; and
2) The grantor trust.
The tax implications involved with owning both of these entity types will be explored in depth.
Affilliation
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Drake Software is an IRS-qualified sponsor of continuing professional education.
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Drake Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.learningmarket.org.
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Drake Software has been approved by the California Tax Education Council to offer the Disregarded Entities course, 3038-CE-0294, which provides 2 hours of federal credit and 0 hours of state credit towards the annual continuing education requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, at (877) 850-2832, or at www.ctec.org.
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Drake Software is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program.
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Course Policies
Send cancellation requests to Support@DrakeCPE.com. Requests must be made within 30 days of purchasing the course. To be granted a full refund, you must not have completed and earned continuing education for the course. No refunds will be issued after the course expiration date. For more information regarding the refund policy or to address concerns or complaints regarding courses, contact the DrakeCPE support team at Support@DrakeCPE.com.
