Corporate Tax Planning: Strategies and Ideas

Course Details

Date

Wednesday, November 20, 2019

4:30am – 12:00am
(Registration: 4:00am)

Field of Study

Taxation

Course Number

4193116C

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

An understanding of the taxation of corporations, S corps and partnerships.

Description

Review a variety of tax subjects related to effectively using a corporation to conduct a business. Attendees will consider significant changes made by 2017 Tax Cuts and Jobs Act.

Cover information with regard to deciding to make or not make an S corp election and determining how to minimize double taxation while benefitting from lower corporate tax rates. Additionally, review topics such as the sale of the corporate business, stock redemptions, transfers of assets for stock, the risk of imposition of the personal holding company tax and the accumulated earnings tax.

Materials are provided as an ebook.

Highlights

  • Taxation of corporations and shareholders: potential double tax.
  • Tax deductible payments to avoid double tax.
  • Non-liquidating distributions, including constructive dividends.
  • Corporation and shareholder partnerships: lessening double tax.
  • Sales of corporate businesses.
  • Making or terminating the S corp election.
  • Stock sales using Section 1045, 1042 or 1202.
  • Losses on stock dispositions.
  • Tax planning using redemptions.
  • Risk of personal holding company or accumulated earnings tax.
  • Transfers of property for stock: Section 351

Objectives

  • Identify the potential double tax system applicable to corporations and shareholders.
  • Determine the differences between the corporate and the individual tax rate structures.
  • Recall the tax law applicable to non-liquidating distributions, redemptions and liquidations.
  • Determine how to use tax deductible payments to shareholders to avoid double taxation, including the risk of constructive dividends.
  • Recall special rules related to stock losses.

Designed For

CPAs, attorneys and tax practitioners.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$245.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$375.00
Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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