Advanced Tax Planning S Corporations (On-Demand) 2022

Description

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

Provider

AICPA - Durham

Course Level

Advanced

CPE Field of Study

Taxes

Who Should Attend

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

Instructor(s)

Brian Greenstein

Prerequisites

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

Purchase Now

When

Available 24/7

Location

Online

Total CPE Credits

Format

On-Demand

$209.00

$270.00

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