22WC-1094: S Corporations: QSUB Elections (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Friday, January 20, 2023
12:00pm - 1:00pm Central Time
1 CPE (1 technical)
Consider the factors that determine whether a QSUB election should be made. Discuss topics covering both immediate and long-term tax consequences and the process necessary to make the election. If an S Corporation owns 100% of the stock of another corporation, the tax consequences of the operation of the subsidiary will depend on whether the S Corporation makes a 'qualified subchapter S subsidiary election' (QSUB election). We'll examine the tax compliance requirements necessary to successfully make the QSUB election.
Major subjects
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Requirements that must be satisfied to make the QSUB election.
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How to make the QSUB election.
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Immediate tax consequences of the election, "deemed liquidation."
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Potential complications of "deemed IRC 332 liquidation."
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Situations where the QSUBelection could be desirable.
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Situations where the QSUB election could be undesirable.
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Longer-term consequences of the decision to elect or not elect.
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Terminations of QSUB election
Learning objective(s)
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Recognize the immediate and long-term tax consequences of making or not making a QSUB election.
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Identify situations where the QSUB election can be made.
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Analyze the result of the "deemed liquidation" including unusual facts which can create complications.
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Discuss situations where the election could be desirable or undesirable.
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Explain the tax compliance requirements necessary to successfully make the QSUB election.
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Understand tax consequences of termination of QSUB election
Who should take this program?
CPAs and lawyers.
Fees
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Standard Member Fee |
$39.00
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Standard Nonmember Fee |
$49.00
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