As a tax practitioner, you need to understand the intricacies of the ever-popular S Corporation form of doing business and consider the tax affect various types of S Corporation distributions will have on its shareholders. Updated for the latest guidance on tax reform, this course examines planning and reporting successful complex S Corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you min-imize your client’s tax bill with winning strategies related to this type of entity.
Apply the rules related to acquisitions and liquidations of S Corporations. – Interpret the uses of trusts as S Corporation shareholders. – Assess and Apply the complex rules of basis and distributions. – Assess key points related to the use of redemptions in S Corporations.
· S Corporation current developments: tax planning impact
· Compensation planning
· Basis in S Corporation stock
· Use of qualified subchapter S subsidiaries
· Liquidations, reorganizations, and redemptions
Estate planning and use of trusts
Managers and partners in public accounting who assist clients with tax planning for S Corporations
Basic knowledge of S Corporation taxation