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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 2020 |   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
  • Liquidations, Reorganizations, and Redemptions
  • Estate Planning and the Use of Trusts
  • Section 199A
Learning Objectives
  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders
  • Calculate the basis limitations on losses
  • Apply the rules for cash distributions
  • 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 shareholderemployees
  • Apply the rules relating to qualified subchapter S subsidiaries (QSubs)
  • 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 shareholder's death on the S corporation
  • Define income qualifying for the deduction under Section 199A
  • Subdivide activities into SSTBs and non-SSTBs
  • Calculate the Section 199A deduction
  • Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances

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

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.

In this CPE self-study course, you will learn about planning and reporting successful complex S corporation transactions. Updated for the tax reform of the Tax Cuts and Jobs Act, this course also explores the uses of qualified subchapter S subsidiaries to help you minimize your client's tax bill with winning strategies related to this type of entity.

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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