Advanced Tax Planning S Corporations

As a tax practitioner, you need to understand the intricacies of the ever-popular S Corporation form of doing business and consider the tax affect various types of S Corporation distributions will have on its shareholders. Updated for the latest guidance on tax reform, this course examines planning and reporting successful complex S Corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.

Learning Objectives

Learning Objective: 

When you complete this course you will be able to:

  • Apply the rules related to acquisitions and liquidations of S Corporations.
  • Recall the uses of trusts as S Corporation shareholders.
  • Recognize and apply the complex rules of basis and distributions.
  • Recall key points related to the use of redemptions in S Corporations.

Topics Discussed

Topics Discussed: 
  • S Corporation current developments: tax planning impact
  • Compensation planning
  • Basis in S Corporation stock
  • Distributions
  • Use of qualified subchapter S subsidiaries
  • Liquidations, reorganizations, and redemptions
  • Estate planning and use of trusts

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COURSE CODE

TSE.ATPSC

FIELD OF STUDY

Taxation

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Advanced

INTENDED AUDIENCE

Managers and partners in public accounting who assist clients with tax planning for S Corporations

PREREQUISITE

Basic knowledge of S Corporation taxation

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live

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CONTACT A TRAINING REPRESENTATIVE:


1-800-634-6780 Option 1
aicpalearning@aicpa.org

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