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Restricted Property Trust: Learn with Case Studies

4.7 (65)

Ken Crabb

1847Financial

Tuesday, August 04, 2020 | 09:00 AM EDT

  • CPA
  • EA

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00194-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0205)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00194-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00194-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

The Restricted Property Trust was created to help high-income earning business owners reduce income taxes and grow assets with sizable

  • pre-tax contributions,
  • tax-deferred accumulation, and
  • tax-advantaged distribution.

A Restricted Property Trust can only be established by an S-Corp, C-Corp, Limited Liability Company (LLC), or Limited Partnership. Sole proprietors cannot adopt a Restricted Property Trust, which includes LLCs taxed as a sole proprietorship. Contributions to a Restricted Property Trust are a 100-percent deductible contribution under Internal Revenue Code (IRC) 162 to the business.

Are business owners constantly looking to mitigate income taxes without the time-consuming and costly compliance of qualified plans?

Is there an employee benefit plan that can be set up exclusively for the owner(s) and key executives earning in excess of $600,000 per year?

This course will explore a unique, time and battle-tested strategy that does just that.

Unlike qualified plans, a Restricted Property Trust may be used exclusively to benefit owners. It is fully discriminatory.

The Restricted Property Trust is gaining momentum as the vehicle of choice for high-income business owners to protect their income and grow their assets. A key provision of the Restricted Property Trust is the employer is required to make the annual contribution in accordance with the pre-established funding period. In the event the employer is not able to make the contribution during the funding period, the policy is surrendered to the trust. Facts and circumstances of when a business owner client could use the RPT. You will also learn about the over 20-year history of the plan and how to account for it on the corporate and personal tax return. This webinar will cover all the latest updates and guidelines with practical case studies.

Learning Objectives

  • To recall the type of entities work with the RPT
  • To recognize the facts and circumstances required to adopt the plan
  • To recognize the limitations of the plan’s contributions
  • To recall the pros and cons of establishing an RPT
  • To identify the long term end result of this planning tool

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Cloud Firms
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Practice Administrators
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros

Testimonial

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(
    [no_of_record] => 65
    [average] => 4.6615
)
 

4.7

(65)
74%
22%
3%
0%
2%

CM

Great Presenter

MV

Good seminar