Pass-Through Taxation

Pass-Through Entities Taxation prepares learners to address the needs of the various pass-through entity types regarding tax preparation. Many businesses choose to utilize pass-through entities rather than C corporations. Partnerships, limited liability company (LLCs), and S corporations appear in almost all business sectors and each type contains unique features which can provide advantages to specific business situations. Accountants encounter all these entity types throughout their career and understanding the advantages, disadvantages, specific rules, and procedures is a vital skillset for the modern tax professional.

Official catalog text — WGU-authored.