Advanced Tax Planning: S Corporations WEBCAST

Overview

For those who’ve mastered the basics of the ever-popular S corporation form, this course delves deep into the tax effects that various types of distributions will have on an S corporation’s shareholders. This course examines planning and reporting successful complex S corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client’s tax bill with winning strategies related to this type of entity.

Highlights

Basis in S corporation stock. Distributions. Compensation planning. Qualified subchapter S subsidiaries. Liquidations, reorganizations, and redemptions. Estate planning and the use of trusts. Section 199A.

Prerequisites

Intermediate course in S Corporations or equivalent knowledge and experience.

Designed For

Managers and partners in public accounting firms. CPA sole proprietors specializing in taxation of S corporations. Tax planning professionals.

Objectives

Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders. Calculate gain and loss on the distribution of property. Apply the distribution ordering rules when an S corporation has accumulated earnings and profits. Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees. Apply the rules relating to qualified subchapter S subsidiaries (QSubs). Assess the corporate reorganization rules on S corporations. Calculate the Section 199A deduction.

Preparation

None.

Notice

None.