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Technical

Advanced Tax Planning S Corporations - Tax Staff Essentials Logo aicpa

  Brian Greenstein, PhD |   $199.00 - 249.00 |   CPE: 11.0 |   AICPA |   May 2019 |   Taxes |   AICPA Store
Who Will Benefit?
  • Managers and partners in public accounting who assist clients with tax planning for S Corporations
Key Topics
  • Basis in S Corporation Stock
  • Distributions
  • Compensation Planning
  • Qualified Subchapter S Subsidiaries
  • Liquidations, Reorganizations, and Redemptions
  • Estate Planning and the Use of Trusts
Learning Objectives
  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate the basis limitations on losses.
  • Calculate gain and loss on the distribution of property.
  • Identify the distribution ordering rules when an S Corporation has accumulated earnings and profits (AE&P).
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Recognize when QSubs should be used.
  • Identify the rules relating to the liquidation of an S corporation.
  • Apply the corporate reorganization rules to S corporations.
  • Calculate the tax effect of a redemption of S corporation stock.
  • Recognize the eligibility of trusts as S corporation shareholders.
  • Determine the effect of a shareholderâ?™s death on the S corporation.

Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.

As a tax practitioner, you need to understand the intricacies of the ever-popular S Corporation form of doing business and consider the tax affect various types of S Corporation distributions will have on its shareholders.

Updated for Tax Reform, this self-study course examines planning and reporting successful complex S Corporation transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity. Course materials will include the impact of the Tax Cuts and Jobs Act of 2017 tax reform law.

Topics covered:
  • Management accounting: Technical: Tax strategy, planning & compliance: Tax return preparation & review, Advanced
  • Management accounting: Technical: Tax strategy, planning & compliance: Tax planning, Advanced
  • Tax: Technical: S corporation income taxation: Qualifications & considerations, Advanced
  • Tax: Technical: S corporation income taxation: Election, termination & conversion, Advanced
  • Tax: Technical: S corporation income taxation: Distributions & shareholder basis, Advanced
  • Tax: Technical: S corporation income taxation: Shareholder transactions, Advanced

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