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23WC-1217: S Corporations: Conversions (Webinar)

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

Thursday, February 29, 2024
10:00am - 12:00pm 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. 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.

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 voluntary revocation
  • Consider tax result from m making the S Corporation election - how and the why
  • Discuss b built-in gain tax planning

Who should take this program?

CPAs and attorneys


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More program information

Instructor John McWilliams, JD, CPA
Location Online
of study
of study
Taxes - Technical (2.0)
Level Overview
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Understanding the basics of the taxation of individuals, C Corporations, S Corporations and partnerships
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If you have questions about this event, please call us at 952-831-2707.