22WC-1113: S Corporations: Conversions (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Date
Friday, January 27, 2023
Time
10:00am
-
12:00pm
Central Time
Location
Online
CPE credits
CPE
2.0
Field(s)
of study
Taxes - Technical (2.0)
Fees
|
Standard Member Fee |
$79.00
|
|
Standard Nonmember Fee |
$109.00
|
Description
Electing S Corporations may find it desirable or necessary to terminate this election and convert to a C Corporation. Alternatively, qualifying C Corporations may determine the S status to be the preferred tax status. Terminating or electing S Corporation status can be desirable with important current and future tax considerations. We'll consider situations when such conversions are desirable -- identifying and discussing tax planning opportunities and complications at conversion.
Who should take this program?
CPAs and attorneys.
Major subjects
-
Reasons to terminate an S Corporation election
-
Involuntary terminations
-
Voluntary revocations the process and the consequences
-
Tax planning opportunities related to the termination of S Corporation status
-
Complications arising from a mid-year termination
-
Limitations on re-electing S Corporation status
-
Making the S Corporation election how and why
-
Built-in gain planning
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 complications related to mid-year termination of S Corporation status.
-
Discuss and evaluate limitations on re-electing S Corporation status.
-
Consider tax result from making the S Corporation election - how and the why
-
Discuss built-in gain tax planning.
Course code
Code
22WC-1113
Sponsor
NASBA ID#: 104822
Level
Overview
Format
Group Internet Based
Prerequisites
Prereq.
Understanding the basics of taxation of individuals, corporations, S Corporations and partnerships.
Advance
prep
None
If you have questions about this event, please call us at 952-831-2707.
