S Corporations: Compensation and Redemptions

Description

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know.  Even if you have attended other S corporation courses, you will learn something new in this course.

Highlights

Compensation planning in S corporations, including limitations in a family-controlled business

Use of redemptions

Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance

Objectives

Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule.

Describe the tax consequences of a redemption of stock in an S corporation.

Discuss the major tax considerations in estate planning for S corporation shareholders.

Designed For

All practitioners and controllers who have attended a basic S corporation core and want to understand more complex issues and their practical implications.