Advanced Tax Planning S Corporations - Tax Staff Essentials - Society of Louisiana Certified Public Accountants

Overview

A look beneath the surface of S corporation taxation, with in-depth discussions of planning opportunities designed for the popular tax form.

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

Foundational knowledge of S corporation taxation

Managers and partners in public accounting firms

CPA sole proprietors specializing in taxation of S corporations

Tax planning professionals

Calculate an S corporation shareholder's stock basis at the end of a taxable year
Calculate gain and loss on the distribution of property.
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.
Evaluate the effects of a shareholder's death on an S corporation.
Calculate the Section 199A deduction.