On-Demand

10.5 CPE

Advanced Tax Planning S Corporations (On-Demand) 2022

On-Demand
10.5 CPE

  • Instructor

    Brian
    Greenstein

Gain technical knowledge and expertise to respond to the needs of new and existing clients with S corporations.

Help S corporation clients with tax planning

Understand the intricacies of the S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders.

Learn about planning and reporting successful complex S corporation transactions, updated for the latest tax legislation. Explore the uses of qualified subchapter S subsidiaries to help you minimize your client’s tax bill with winning strategies related to this type of entity.

Learning 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 and apply the rules for cash distributions.
  • Identify the distribution ordering rules when an S corporation has accumulated earnings and profits (AE&P).
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
  • Apply the corporate reorganization rules to S corporations and identify the rules relating to the liquidation of an S corporation.
  • Calculate the Section 199A deduction and subdivide activities into SSTBs and non-SSTBs.
  • Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances.

Major Topics

  • 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

CPE Credits Available

10.5 CPE
10.5
Taxes

Things to Know About This Course

Course Level

  • Advanced

Prerequisites

Completion of AICPA’s course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience

Intended Audience

  • Managers and partners in public accounting firms
  • CPA sole proprietors specializing in taxation of S corporations
  • Tax planning professionals

Provider

AICPA - Durham

This can not be purchased at this time.