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Advanced Tax Planning S Corporations - Tax Staff Essentials

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Online/Webcast

8.00 Credits

Member Price $349.00

Non-Member Price $419.00

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:

  • Basis in S corporation stock
  • Compensation planning
  • Use of qualified subchapter S subsidiaries
  • S corporations in estate planning

    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:
  • Recently released revenue procedures
  • New private letter rulings
  • Other key pronouncements that are crucial to providing quality services to S corporation clients

    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

  • 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 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