S Corporations Advanced Topics: Estate and Succession Planning ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $384.00
Non-Member Price $442.00
Overview
This advanced CPE course offers an in-depth exploration of the valuation and succession issues related to S corporation stock, designed specifically for tax professionals with experience in S corporations. Participants will gain a thorough understanding of the latest case law concerning the valuation of S corporation stock, including the nuances of tax affecting and discounts. The course also covers essential basis rules for successor shareholders and addresses the complex basis issues in company-owned life insurance policies. Moreover, it provides a detailed analysis of estates, trusts, QSSTs, and ESBTs as shareholders in S corporations. Participants will learn effective techniques for transferring S corporation ownership through distributions and stock redemptions, equipping them with the skills to advise clients effectively on these critical matters. This CPE class doesn’t just inform; it empowers professionals with actionable strategies and insights to navigate the complexities of S corporation stock valuation and succession.
Highlights
Estates and trusts as eligible shareholders. Form 1120S, Schedule B-1. Grantor trusts. Estate and gift tax treatment. GRAT and GRUT. Beneficiary controlled trusts.
Prerequisites
None.
Designed For
CPAs, EAs, CRTPs, and other tax professionals.
Objectives
Be aware of stock basis rules for the successor to a deceased shareholder, including the imputed income in respect of a decedent (IRD) provisions. Advise clients of the current basis rules for payment of premiums on company-owned life insurance. Identify the effects of accounting methods and income allocation elections on deceased and successor shareholders. Understand recent case law concerning the valuation of S corporation stock. Be aware of some techniques for using distributions and stock redemptions to transfer ownership of an S corporation.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Robert Jamison
Robert W. Jamison, CPA, PhD, is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His principal area of specialization is S Corporations. He is the author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass Through Entities, both of which are published annually by CCH, a Wolters Kluwer business. His articles have appeared in various publications including: Practical Tax Strategies, Journal of Passthrough Entities, The Tax Adviser, Journal of S Corporation Taxation, and The Journal of Accountancy. Professor Jamison has taught many professional education programs for national and local accounting firms and has developed material used in their continuing education programs. He has been a lecturer in AICPA programs and has authored several AICPA tax courses. He is a chapter author in the Van-Griner Taxation Series of textbooks. He is a regular contributor to the Land Grant University Tax Education Foundation, Inc. National Income Tax Workbook. He presents advanced and update S Corporation seminars for various states’ CPA societies and to other professional organizations.
Non-Member Price $442.00
Member Price $384.00