LLCs combine limited liability for all owners with the ability to choose their status for Federal income tax (with most LLCs choosing partnership classification), making them the entity of choice for a wide range of businesses. This Guide identifies and explains federal tax issues encountered by LLCs and their members. Its practical approach, including numerous examples and practice aids, will help you plan transactions with optimal tax results, avoid pitfalls and answer your clients' questions quickly and confidently.
Tax planning roadmaps enable you and your staff to identify planning opportunities, which can solidify your relationship with clients and set you apart from the competition when meeting potential clients.
See also the Business Tax Planning package, which includes the online version of this PPC planning guide.
