Advanced Tax Planning S Corporations - Tax Staff Essentials
Overview
Intricacies of the S corporation form
S corporations represent a special tax structure with unique rules and limitations. Become familiar with matters related to S corporations:
Updated for recent developments
It's important to stay current on legislation and IRS publications that affect S corporations. Learners gain insight into the procedures that the IRS issued in recent years to cure a defective S corporation election.
The course also includes:
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
Working knowledge of S corporation taxation
Designed For
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 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.
Non-Member Price $419.00
Member Price $349.00