Cutting Edge Tax Strategies: S Corporations WEBCAST

Wednesday, January 26 12:00pm - 4:00pm PST

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4.0 Credits

Member Price $158.00

Non-Member Price $183.00

Overview

Cover the most important topics while having fun. Learn how courts determine what “reasonable compensation” means in the S corporation area. Also, learn how to save taxes when purchasing stock in an S corporation. By sheer number, S corps are still the entity of choice for many businesses. Therefore, tax practitioners need to be aware of the planning and potential traps associated with S corp taxation. Review real-world strategies that will assist your clients in reducing their tax liabilities, while accomplishing their economic goals, as well as discuss cutting-edge tax strategies.

Highlights

Structuring debt to increase shareholders’ basis. Determining the proper amount of reasonable compensation. Choosing between QSubs and single-member LLC’s. Getting a “synthetic” step-up when a shareholder purchases S corp stock, without any extra tax to the selling shareholder. Maximize the 20% Section 199A QBID. Estate planning and use of trusts.

Prerequisites

None.

Designed For

CPAs and tax practitioners.

Objectives

Determine how to apply rules related to acquisitions and liquidations of S corps. Determine the amount of “reasonable compensation” for a shareholder. Determine when and how to use trusts as S corp shareholders. Determine circumstances where S corporations can increase the 20% QBID (“pass-through deduction”). Determine circumstances where S corporations can reduce the 20% QBID (“pass-through deduction”). Navigate the complex rules of basis and distributions. Identify strategies to reduce tax on the sale of liquidation of an S corporation.

Preparation

None.

Notice

None.

Leader(s):

Leaders

George Koutelieris

4.93 stars out of 5

“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.

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Gregory White

4.96 stars out of 5
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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Non-Member Price $183.00

Member Price $158.00