Webcast: S Corporations' Converting to C Corporation (XCSCCC17)
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Electing S corporations may find it desirable or necessary to terminate the S corporation election converting to a "C corporation. This course considers situations when such a conversion is desirable. Tax planning opportunities and complications at conversion are identified and discussed. Limitations on re-electing S corporation status are discussed and evaluated. Recent and/or pending legislation will be considered.

 Export to Your Calendar 8/21/2017
When: 08/21/2017
12:00 PM until 2:00 PM
Where: Webcast
CALCPA
4173334A
United States
Presenter: John G. McWilliams, CPA, JD


Online registration is available until: 8/19/2017
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Acronym XCSCCC17
CPE 2 hours
Vendor CalCPA
Category
Taxation
Level Overview
Prerequisite Understanding the basics of taxation of corporations, S corporations and partnerships.
Adv Prep None
Yellow Book? No
Designed for CPAs and attorneys with at least two years of experience advising privately owned businesses.
Registration
Member $60
CPA Non-Member $94

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Electing S corporations may find it desirable or necessary to terminate the S corporation election converting to a "C corporation. This course considers situations when such a conversion is desirable. Tax planning opportunities and complications at conversion are identified and discussed. Limitations on re-electing S corporation status are discussed and evaluated. Recent and/or pending legislation will be considered.

Materials are provided as an ebook for this course.

Objectives

  • 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

Major Topics

  • 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