S corporation taxation has a lot of pieces. There are helpful elections you can make that can potentially save your client money, but there are also rigid rules to adhere to.
DESIGNED FOR
Tax and financial advisors with clients who have formed S corporations
BENEFITS
- Recall the rules for a late S corporation election
- Identify the tax implications of an S corporation making disproportionate distributions to S corporation shareholders
- Recognize the tax rate applicable to the sale of S corporation shares
HIGHLIGHTS
- Making an S corporation election and late filing relief
- Disproportionate distributions
- Selling S corporation shares
- Redemption rules
PREREQUISITES
Basic understanding of tax rules for flow-through entities
ADVANCE PREPARATION
None
ADDITIONAL NOTES