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Image of Disregarded Entities
:  Now You Don’t See Them, Now You Do
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Disregarded Entities
: Now You Don’t See Them, Now You Do

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Bradley Burnett, J.D., LL.M.
Course Levels:
2 Hours


What is a disregarded entity (DE)?  It is a business entity that is generally disregarded from its owner for federal income tax purposes, but not disregarded for (some or all) other purposes. If an entity is "disregarded" for federal income tax purposes, it may be "regarded" for other federal tax and state law purposes.  Yes, indeed, a plethora of exceptions to being "disregarded" exist.  This unexpected, eye opening course capably explores and drills into what the tax planner, tax preparer and taxpayer must know about the disregarded entity rules and exceptions to them. It also illuminates why you can't afford not to care.


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives

*To learn how to analyze and detect when an entity is disregarded and when it is regarded

*To take advantage of (and avoid getting clobbered by) the differences between the same entity being regarded in some contexts and disregarded in others for maximum asset protection and tax savings

Major Subjects

* Disregarded entities (DE)s for income, employment, excise and transfer tax purposes

*LLC (partnership), SMLLC (single member LLC), grantor trust and Qsub compared

*LLCs, transfer (estate and gift) taxes and valuation (long live Pierre!!)

*Can an owner and DE have different methods of accounting? Oh really

*Asset protection benefits, pitfalls and tax advantages
- Some states great, others pathetic

*When a DE must get a separate EIN from its owner, tax reporting (K-1s, 1099s, etc.), IRS matching, W-9s and backup withholding – How to avoid an unhappy ending

*Spouses owning and operating LLCs
- How best to structure?

*Employment tax liability heaven or hell
- Place your bet “up front”

*Like kind exchanges and DEs

*Tax effects of sale or liquidation of DEs

*Are Grantor Trusts DEs? They walk, quack and swim like ducks, but do they have duck DNA?

*Nooks and crannies in the check-the-box regs and rules - Why you can't afford not to care

*DE federal law vs. state law distinctions and intricacies - The opportunity and snare lie in the details

Course Materials


Bradley Burnett, J.D., LL.M. Related seminars and products: 22

Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For CPAs, professionals in industry, tax planners, attorneys and taxpayers desiring to maximize asset protection and tax avoidance and minimize asset and tax exposure of business entity structure
Original Recording Date 09/28/2016
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 09/14/2016

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method Group Internet Based
Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Promo Video



Overall:      4.4

Total Reviews: 81


Mary T - Wilmington, North Carolina

"Very interesting points brought up. glad I took this course"

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