Skip to main content

Advanced Tax Planning S Corporations - Tax Staff Essentials

-

Add to Calendar

Online

8.00 Credits

Member Price $332.00

Non-Member Price $403.00

Overview

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders. Updated for the latest guidance on recently enacted tax legislation, 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

  • S corporation current developments: tax planning impact
  • Compensation planning
  • Basis in S corporation stock
  • Distributions
  • Use of qualified subchapter S subsidiaries
  • Liquidations, reorganizations, and redemptions
  • Estate planning and use of trusts

    Prerequisites

    Basic knowledge of S corporation taxation

    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.
    • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
    • Apply the corporate reorganization rules to S corporations.
    • Calculate the tax effect of a redemption of S corporation stock.
    • Apply the rules relating to Qualified Subchapter S subsidiaries.

    • Non-Member Price $403.00

    Member Price $332.00

    Add to Cart