Advanced Tax Planning S Corporations WEBCAST - Partnered with the Idaho Society

Overview

For those who have mastered the basics of the S corporation form, this course delves deep into the tax effects that various types of distributions will have on an S corporation’s shareholders. This course, updated for the effect of H.R. 1, commonly referred to as OBBBA, examines planning and reporting successful complex S corporation transactions. The uses of qualified subchapter S subsidiaries are also explored to help minimize client tax bills with winning strategies related to this type of entity.

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

Intermediate level knowledge and understanding of S Corps.

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. Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees. Apply the rules relating to qualified subchapter S subsidiaries (QSubs). Assess the corporate reorganization rules for S corporations. Evaluate the effects of a shareholder’s death on the S corporation. Calculate the Section 199A deduction.

Preparation

None.