21WC-0238: S Corporations: Tax Planning Ideas and Strategies (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Tuesday, June 29, 2021
10:00am - 5:30pm Central Time
8 CPE (8 technical)
Identify and discuss various tax planning opportunities related to the operation of a corporate business with an S Corporation election. Topics range from annual recurring planning to unusual transactions, such as stock redemptions and sale of the corporate business.
Major subjects
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Overview of the taxation of corporations and shareholder including making the S Corporation election
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The decision to elect S Corporation status -- factors to consider
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Explanation and analysis of the application of the "qualified business income deduction (IRC 199A)
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Self-employment tax and S Corporations
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Distribution tax planning
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Planning to minimize the impact of loss limitations
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Tax planning for years with both distributions and losses
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Termination Planning
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Tax planning regarding the transfer of appreciated assets to an S Corporation
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Buying and selling S Corporations -- tax planning ideas
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Tax considerations of using the QSUB, Section 338(h)(10), or 336(e) elections
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Tax Issues to consider at the death of S Corporation shareholder
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Stock redemptions as a tax planning tool
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Accommodating a "non-qualified" investor
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Trusts and tax-exempt exempt shareholders
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The second class of stock risks
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S Corporation election compared to Section 1202 stock incentive
Learning objective(s)
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Understanding the tax consequences of making the S Corporation election to the corporation and shareholders.
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Understand the application of the "qualified business income" deduction ( IRC 199A).
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Determining the tax costs and benefits of making or terminating the S Corporation election.
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Identifying self-employment / FICA - Medicare tax planning opportunities.
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Understanding how to plan to minimize the impact of the loss limitation rules.
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Identifying tax planning opportunities in years with losses and distributions.
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Understanding tax planning ideas when the S election is terminated.
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Determining the tax considerations related to buying or selling an S Corporation.
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Determining when to make the QSUB, Section 338(h)(10), or 336(e) elections.
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Identifying tax planning opportunities at the death of the shareholder of an S Corporation.
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Recall ideas to accommodate a "non-qualified" investor.
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Understanding the law related to trusts and tax-exempt shareholders including ESOP's.
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To be able to evaluate the risk of disqualification based on the second class of stock.
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S Corporation election compared to the Section 1202 stock tax incentive.
Who should take this program?
CPA's and attorneys.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$389.00
(Standard Nonmember Fee).
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Standard Member Fee |
$289.00
|
Standard Nonmember Fee |
$389.00
|