A look beneath the surface of S corporation taxation, with in-depth discussions of planning opportunities designed for the popular tax form.
DESIGNED FOR
- Managers and partners in public accounting firms
- CPA sole proprietors specializing in taxation of S corporations
- Tax planning professionals
BENEFITS
- Calculate an S corporation shareholder’s stock basis at the end of a taxable year
- Calculate gain and loss on the distribution of property.
- Evaluate the rules concerning fringe benefits received and expenses incurred by S corporation shareholder-employees.
- Apply the rules relating to qualified Subchapter S subsidiaries (QSubs).
- Assess the corporate reorganization rules on S corporations.
- Evaluate the effects of a shareholder’s death on an S corporation.
- Calculate the Section 199A deduction.
HIGHLIGHTS
Basis in S corporation stock
Distributions
Compensation planning
Qualified subchapter S subsidiaries
Liquidations, reorganizations, and redemptions
Estate planning and the use of trusts
Section 199APREREQUISITES
Foundational knowledge of S corporation taxation
ADVANCE PREPARATION
None