3 Credit HoursFederal Tax Law
Business Entity Taxation: Partnerships, S-Corps & LLCs
Pass-through entity taxation covering entity selection, formation, operations, and K-1 reporting. Addresses the complexity of multi-member LLCs, partnership allocations, S-Corp reasonable compensation, and the Section 199A qualified business income deduction.
Topics Covered
- Entity selection: sole proprietorship, partnership, S-Corp, C-Corp
- Partnership formation and basis calculations
- Partnership allocations and special allocations
- S-Corporation election, eligibility, and reasonable compensation
- Schedule K-1 reporting and shareholder/partner basis
- Section 199A qualified business income deduction
- Self-employment tax implications across entity types
- Liquidations, distributions, and ownership changes
Exam Requirements
Review Questions
9
Throughout the course material
Final Exam Questions
15
Multiple choice, 4 options each
Passing Score
70%
Minimum requirement
Time Limit
1 Year
Self-paced from enrollment
Certificate of Completion
Upon passing the final exam, you will receive a certificate including all required fields:
- Provider name
- Program name
- Program number (upon approval)
- Program dates
- Credit hours awarded
- Instructor signature
- Your name
- Unique certificate number