Teleconference: S Corporation Update after Tax Reform (CPN05K19)
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This course covers the S corp rules every CPA needs to know, from basics such as qualification of an entity as an S corp and basis rules – to hot topics such as the pass-through entity deduction and the new ability of nonresidents to be beneficiaries of a trust owning S corp stock — to advanced topics such as special issues for trusts owning S corporation stock and tax planning using multiple types of entities including S corporations to achieve results not possible with a single entity type.

5/29/2019
When: May 29, 2019
9:00 AM until 5:00 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana  70062
United States
Presenter: Panel


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Acronym CPN05K19
CPE 8 hours
Vendor ACPEN
Category
Taxation
Level Update
Yellow Book? No
Registration Early Bird Standard
Members* $225 $275
CPA Non-Members $325 $375
The Early Bird rate is good through 5/14.

*The member rate applies to LCPA members, other state CPA 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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description
This course addresses the S corporation rules that every CPA needs to know—from basics such as qualification of an entity as an S corporation and basis rules--to hot topics such as the pass-through entity deduction and the new ability of nonresidents to be beneficiaries of a trust owning S corporation stock—to advanced topics such as special issues for trusts owning S corporation stock and tax planning using multiple types of entities including S corporations to achieve results not possible with a single entity type. Don’t miss the discussion; don’t miss the ideas.

Objectives

  • S Corporation Update
  • Tax Reform

 

Major Topics

  • Qualification as a Subchapter S corporation including restrictions on shareholders and the one class of stock rule
  • 199A, the pass-through entity deduction, as applied to S corporations
  • Reasonable compensation for S corporation owners and the impact on employment taxes and the net investment income tax
  • S corporation operations including the per share per day rule, basis rules, distribution rules and dealing with third party debt for basis purposes
  • Inheritance of S corporation stock and special issues for trusts owning S corporation stock including available elections and the new ability of non-residents to be permissible current beneficiaries of a trust owning S corporation stock
  • Tiered entity structures involving S corporations including qualified subchapter S subsidiaries, disregarded entities and using partnership entities including LLCs in conjunction with S corporations

 

Designed For: Public Practitioners and Industry CPAs, EAs

Prerequisite: None

Note: This course is also available as a webcast. To register for the webcast, click here. (You will be directed to the ACPEN website to register.)