Electing S corporations may find it desirable or necessary to terminate this election and convert to a C corporation. We’ll consider situations when such a conversion is desirable. Identify and discuss tax planning opportunities and complications at conversion. Limitations on re-electing S corporation status are discussed and evaluated. Also, consider recent and pending legislation.
Reasons to terminate an S corporation election, Involuntary terminations, Voluntary revocations the process and the consequences, Tax planning opportunities related to termination of S corporation status, Complications arising from a mid-year termination, Limitations on re-electing S corporation status, Recent or proposed legislation affecting decision to terminate the S corporation election.
Understanding the basics of taxation of ndividual, corporations, S corporations and partnerships.
CPAs and attorneys
Discuss and analyze situations where terminating an S corporation election could be desirable. Consider common situations where S election may involuntarily terminate. Understand the process and tax planning opportunities related to a voluntary revocation. Evaluate complication related to mid-year termination of S corporation status. Discuss and evaluate limitations on re-electing S corporation status. Consider recent and proposed legislation which could affect the decision to terminate the S corporation election
Non-Member Price $100.00
Member Price $75.00