Webcast: S Corporations: Tax Planning Ideas and Strategies (XCSCTPI17)
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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 sale of the corporate business.

10/20/2017
When: 10/20/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4173119D
United States
Presenter: John G. McWilliams, CPA, JD


Online registration is closed.
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Acronym XCSCTPI17
CPE 8 hours
Vendor CalCPA
Category
Taxation
Level Overview
Prerequisite A basic understanding of the 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 $245
CPA Non-Member $375

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

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 sale of the corporate business.

Materials are provided as an ebook.

Objectives

  • Determine tax consequences of making the S corporation election to the corporation and shareholders.
  • Identify self-employment/FICA-Medicare tax planning opportunities.
  • Determine how to minimize the impact of the loss limitation rules.
  • Identify tax planning opportunities in years with losses and distributions.
  • Recall tax planning ideas when the S election is terminated.
  • Determine tax considerations related to buying or selling an S corporation.
  • Identify tax planning opportunities at the death of the shareholder of an S corporation.

Major Topics

  • Overview of the taxation of corporations and shareholder, including making the S corporation election.
  • Distribution tax planning.
  • Minimimizing the impact of loss limitations.
  • Tax planning for years with both distributions and losses.
  • Tax planning regarding transfer of appreciated assets to an S corporation.
  • Tax considerations of using the QSUB, Sect. 338(h)(10) or 336(e) elections.
  • Stock redemptions as a tax planning tool.
  • Accomodating a non-qualified investor.
  • Trusts and tax exempt shareholders.
  • S corporation election compared to Section 1202 stock incentive.