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Choice of Entity
  • the Impact of Tax Reform on Choice of Entity

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  • Built in gain tax​

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  • Limits on certain benefits and self-employment tax

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  • Basis adjustment on sale of owner interest

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  • "At risk" rules / other limitations

Partnership
  • Outsource of partnership tax return preparation

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  • Election to be taxed as a corporation Form 8832

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  • Information returns Form 1065 and K-1

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  • Special allocations

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  • Limits on certain benefits and self-employment tax

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  • Basis adjustment on sale of owner interest

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  • "At risk" rules / other limitations

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  • Multi-tiered Partnerships for Real Estate Industry

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Limited Liability Company (LLC)

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  • Single Member LLC

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  • Special allocations

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  • Limits on certain benefits and self-employment tax

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  • Basis adjustment on sale of owner interest

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  • "At risk" rules / other limitations

S Corporation

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  • Built in gain tax

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  • Special allocations

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  • Limits on certain benefits and self-employment tax

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  • Basis adjustment on sale of owner interest

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  • "At risk" rules / other limitations

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