Course ID: ADVSC

Advanced Tax Strategies for S Corporations

The tax practitioner needs to understand the intricacies of the ever-popular S Corporation form of doing business. One must consider the tax affect various types of S Corporation distributions will have on its Shareholders. Successful winning strategies related to complex S Corporation transactions are examined. Protect your shareholder/clients with careful compensation planning and advanced planning for liquidations and redemptions of shareholder stock. Explore the advantages of using Qualified Subchapter S Subsidiaries to help you minimize your client’s tax bill.


LEARNING OBJECTIVES
  • Apply the rules related to acquisitions and liquidations of S Corporations.
  • Recall the uses of trusts as S Corporation shareholders.
  • Recognize and apply the complex rules of basis and distributions.
  • Recall key points related to the use of redemptions in S Corporations.

MAJOR TOPICS
  • 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

DESIGNED FOR
Managers and partners in public accounting who assist clients with tax planning for S Corporations

FIELD OF STUDY
Taxes

PREREQUISITES
Completion of AICPA's course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Advanced

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