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Friday, January 31, 2025 Live Webcast

Advanced Tax Planning S Corporations - Tax Staff Essentials (X3-4514349)

9:00 AM - 5:00 PM EST
webcast

Vendor Platform

8 CPE Credits in TX

OVERVIEW

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation’s shareholders. Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.

DESIGNED FOR

Managers and partners in public accounting firms, CPA sole proprietors specializing in taxation of S corporations, Tax planning professionals

BENEFITS

  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate gain and loss on the distribution of property.
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Apply the corporate reorganization rules to S corporations.
  • Calculate the tax effect of a redemption of S corporation stock.
  • Apply the rules relating to Qualified Subchapter S subsidiaries.

HIGHLIGHTS

  • S corporation current developments: tax planning impact
  • Compensation planning
  • Basis in S corporation stock
  • Distributions
  • Use of qualified subchapter S subsidiaries
  • Liquidations, reorganizations, and redemptions
  • Estate planning and use of trusts
  • COURSE LEVEL

    Advanced

    PREREQUISITES

    Basic knowledge of S corporation taxation

    INSTRUCTOR

    Deborah Phillips

    Deborah A. Phillips, CPA, MST

    Surgent Professional Education

    Debbie operates her own tax controversy practice, specializing in partnership and S corporation tax law as well as IRS audits and procedures. She has been successful petitioning and resolving tax issues under the jurisdiction of the United States Tax Court. She is proficient in Section 199A provisions and computations as well as the Tax Cuts and Jobs Act. She prepares all types of tax returns and utilizes her forensic accounting skills for potential IRS criminal prosecution. Having spent more than 32 years at the IRS, Debbie retired from its Large Business and International Division, where she was a senior manager in the Flow-Through Issue Practice Group, which specialized in S corporation and partnership tax. She was the operations and technical assistant to the Deputy Commissioner International; the technical assistant to the Director of PFTG; a territory manager in the retail, food and pharmaceuticals industries; a team manager in the heavy manufacturing industry; and the IRC Section 263A Technical Advisor. Debbie taught accounting and taxation as an adjunct at Delaware State University, Wilmington College and Goldey-Beacom College. She has been a seminar presenter for over 24 years and a textbook author. She regularly receives the Surgent Outstanding Discussion Leader Award.

    PRICING

    $332.00 - Member

    $403.00 - Nonmember

    Register Today


    Note: Online pre-registration will close on January 31 at 8:30 AM.

    ADDITIONAL OPTIONS

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    Print a registration form

    COURSE DEVELOPER

    AICPA/NJCPA

    AREAS OF INTEREST