DESCRIPTION

This module will facilitate a discussion of various tax elections. The intent is to solicit as many tax election experiences from the participants as possible. The discussion will include the reason for the election, whether or not it’s revocable, the authority behind the election, etc. The instructor will have a pre-selected list of elections on hand

LEARNING OBJECTIVES

  • Brainstorm a list of common tax elections across all types of tax returns:
    • Individuals
    • Corporations
    • S Corporations
    • LLCs & Partnerships
    • Estates, Trusts, and Gifts

Prerequisites

3+ Years Professional Experience

Advanced Preparation

None

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