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Selected Legal Issues with Tax Analysis - Mini CourseCode: 25-LEGAL2
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Course Details
67 pages
Course description and objectives:
How can you help your clients protect their assets? What is the best way for your client to "go bankrupt"? How can you help your client avoid the tax trap when going through a divorce? This course addresses all of these, and many other, critical legal issues for the tax practitioner in a quick and effective potpourri of legal topics and their tax impact. The emphasis is on the tax consequences of common legal issues in today's litigatious society. From the Americans with Disabilities Act to Social Security taxes, a generous sampling of key areas is examined and explored. Tax practitioners will be quickly surprised to find how often the "tax tail" can wag the legal dog.
Course Objectives:
After reading the materials, participants will be able to:
1. Identify and analyze the business law concepts of asset protection, bankruptcy, condemnation, and damages by evaluating their tax, economic, and legal impact on the small business planning.
2. Define the business relationships of principal, employee and independent contractor noting the legal and tax consequences of their relationship to a business, detect and solve business and legal risks posed by these parties, including co-ownership, employment, Worker's Compensation, COBRA and Disability Act provisions by developing proactive techniques such as buy sell agreements and regulatory compliance procedures.
3. Explain and advise small-business clients on the variety of personal tax and legal issues such as divorce, foreclosure, legal title, and income needs that can directly impact their business and how investment, insurance, and government benefit planning can address these issues.
Presentation Method: Self-Study
Category: Taxation
CPE credit: 2 Hours
Program Level: Update
Prerequisites: None
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase