Course Description: This course discusses tax treatment of self-employment earnings, fringe benefits and other LLC compensation issues, cancellation of debt (COD) income rules, passive activity rules relating to LLCs, use of cash method of accounting and application of at-risk rules to LLCs, and the use of LLCs in like kind exchanges. 

Course Level: Intermediate

Course Prerequisites: None

Delivery Method: Self-study

At the end of this course, you will be able to: 

• Identify and know rules applicable to LLC member/employees and how to apply your knowledge in real world situations; and 
• Identify and know rules applicable to LLCs for impact of debt classification, the applicability of the passive activity rules, cash method of accounting and at-risk rules, and like-kind exchanges and LLC’s.

CPE

2

CLE

N/A