S Corporations: Qualification Requirements WEBCAST
Overview
The use of an S corporation election can dramatically affect the tax consequences of owning a corporate business. This course focuses on the requirements that must be satisfied to make and retain this tax election.
Highlights
Qualified shareholder requirement. Trusts as shareholders. Estates as shareholders. Qualified tax exempt shareholders. Tax planning ideas to accommodate economic investments by disqualified investors. Special rules for counting the number of shareholders. One class of stock requirement. Indirect preferences creating risk of failing one class of stock requirement. Disqualified corporations. Making an effective S corporation election. Relief for late or defective elections. Inadvertent termination relief for involuntary terminations.
Prerequisites
None.
Designed For
CPAs.
Objectives
Identify and discuss the requirements that must be satisfied to make the S corporation election. Recognize complications related to having trusts, estates, tax-exempt and ESOP shareholders. Review and application of the one class of stock requirement to accomplish continued qualification. Determine tax planning ideas to accommodate economic participation by disqualified investors.
Preparation
None.
Notice
None.
Leader(s):
- John McWilliams, California CPA Education Foundation
Non-Member Price $59.00
Member Price $49.00