20WC-0221: S Corporations: Converting to C Corporation (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Thursday, July 9, 2020
12:00pm - 2:00pm Central Time
2 CPE (2 technical)

Electing S Corporations may find it desirable or necessary to terminate this election and convert to a C Corporation. We'll consider situations when such a conversion is desirable.Identify and discuss tax planning opportunities and complications at conversion. Limitations on re-electing S Corporation status are discussed and evaluated. Also, consider recent and pending legislation.

Major subjects

• Reasons to terminate an S Corporation election
• Involuntary terminations
• Voluntary revocations the process and the consequences
• Tax planning opportunities related to termination of S Corporation status
• Complications arising from a mid-year termination
• Limitations on re-electing S Corporation status
• Recent or proposed legislation affecting decision to terminate the S Corporation election

Learning objective(s)

• Discuss and analyze situations where terminating an S Corporation election could be desirable.
• Consider common situations where S election may involuntarily terminate.
• Understand the process and tax planning opportunities related to a voluntary revocation.
• Evaluate complication related to mid-year termination of S Corporation status.
• Discuss and evaluate limitations on re-electing S Corporation status.
• Consider recent and proposed legislation which could affect the decision to terminate the S Corporation election

Who should take this program?

CPAs and attorneys.

Fees

Standard Member Fee	$75.00
Standard Nonmember Fee	$101.00