Advanced Tax Planning S Corporations - Tax Staff Essentials
Available Anytime
Location:
Online
10Credits
Technical Business
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$270.00 Regular Price
Product Code: AI23-TSE.ATPSC
Level: Advanced
Vendor: AICPA CPE Division
Field of Study: Taxes
Overview:
Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.
Help S corporation clients with tax planning
Understand the intricacies of the S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.
Learn about planning and reporting successful complex S corporation transactions, updated for the latest tax legislation. Explore the uses of qualified subchapter S subsidiaries to help you minimize your client's tax bill with winning strategies related to this type of entity.
This course provides CPE in the Taxation field of study.
Objectives:
Learning Outcomes
- Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
- Calculate gain and loss on the distribution of property and apply the rules for cash distributions.
- Identify the distribution ordering rules when an S corporation has accumulated earnings and profits (AE&P).
- Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
- Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
- Apply the corporate reorganization rules to S corporations and identify the rules relating to the liquidation of an S corporation.
- Calculate the Section 199A deduction and subdivide activities into SSTBs and non-SSTBs.
- Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances.
Major Topics:
Key Topics
- Basis in S corporation stock
- Distributions
- Compensation planning
- Qualified subchapter S subsidiaries
- Liquidations, reorganizations, and redemptions
- Estate planning and the use of trusts
- Section 199A
Designed For:
Who Will Benefit
- Managers and partners in public accounting firms
- CPA sole proprietors specializing in taxation of S corporations
- Tax planning professionals