Description
Help S corporation clients with tax planning
Understand the intricacies of the 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.
Learn about planning and reporting successful complex S corporation transactions, updated for the latest tax legislation, including SECURE 2.0 and K-2 and K-3 reporting requirements.
Explore 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.
Highlights
Objectives
- Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
- Calculate gain and loss on the distribution of property and apply the rules for cash distributions.
- 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.
- Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
- Apply the corporate reorganization rules to S corporations and identify the rules relating to the liquidation of an S corporation.
- Calculate the Section 199A deduction and subdivide activities into SSTBs and non-SSTBs.
- Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances.
Designed For
Registration for this course has passed.
Course Pricing
WYOCPA Member Fee
$332.00
Non-Member Fee
$403.00
Your Price
$403.00
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