Seminar Course Description

Advanced Tax Planning S Corporations — Tax Staff Essentials

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Chicago Illinois Nov 12, 2019 ICPAS

The tax practitioner needs to understand the intricacies of the ever-popular S Corporation form of doing business. One must consider the tax affect various types of S Corporation distributions will have on its Shareholders. Successful winning strategies related to complex S Corporation transactions are examined. Protect your shareholder/clients with careful compensation planning and advanced planning for liquidations and redemptions of shareholder stock. Explore the advantages of using Qualified Subchapter S Subsidiaries to help you minimize your client’s tax bill.

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 Dicussed

  • 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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