Advanced Tax Planning S Corporations - Tax Staff Essentials

Overview

Look beneath the surf

Look beneath the surface of S corporation taxation in this discussion of special topics concerning S corporations.

Course Instructor: Deborah Phillips

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.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA (do_not_reply@on24event.com). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.