Identify and discuss various tax planning opportunities related to the operation of a corporate business with an S corporation election. Topics range from annual recurring planning to unusual transactions, such as stock redemptions and the sale of the corporate business.
Overview of the taxation of corporations and shareholder including making the S corporation election. The decision to elect S corporation status-factors to consider. Explanation and analysis of the application of the “qualified business income deduction (IRC 199A). Self-employment tax and S corporations. Distribution tax planning. Planning to minimize the impact of loss limitations. Tax planning for years with both distributions and losses. Termination. Planning. Tax planning. regarding the transfer of appreciated assets to an S corporation Buying and selling S corporations-tax planning ideas Tax considerations of using the QSUB, Section 338(h)(10), or 336(e) elections Tax Issues to consider at the death of S corporation shareholder Stock redemptions as a tax planning tool Accommodating a “non-qualified” investor Trusts and tax-exempt exempt shareholders The second class of stock risks S corporation election compared to Section 1202 stock incentive
Basic understanding of the taxation of individuals, corporations, S corporations and partnerships.
CPA’s and attorneys.
Understanding the tax consequences of making the S corporation election to the corporation and shareholders. Understanding how to plan to minimize the impact of the loss limitation rules. Determining the tax considerations related to buying or selling an S corporation. Identifying tax planning opportunities at the death of the shareholder of an S corporation.
- John McWilliams, California CPA Education Foundation
Non-Member Price $399.00
Member Price $299.00