S Corporations: Converting To C Corporation

Course Details

Date

Thursday, October 31, 2019

5:30am – 7:30am
(Registration: 5:00am)

Field of Study

Taxation

Course Number

4193334B

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Understanding the basics of taxation of corporations, S corporations and partnerships.

Description

Electing S corporations may find it desirable or necessary to terminate this election and converting to a C corporation. This course considers situations when such a conversion is desirable.

Identify and discuss tax planning opportunities and complications at conversion. Limitations on re-electing S corporation status are discussed and evaluated. Also, considers complications of re-electing S corporation status after termination.

Materials are provided as an ebook for this course.

Highlights

  • Reasons to terminate an S corporation election
  • Involuntary terminations
  • Voluntary revocations the process and the consequences
  • Tax planning opportunities related to termination of S corporation status
  • Complications arising from a mid-year termination
  • Limitations on re-electing S corporation status
  • Recent legislation affecting decision to terminate the S corporation election

Objectives

  • Discuss and analyze situations where terminating an S corporation election could be desirable.
  • Consider common situations where S election may involuntarily terminate.
  • Understand the process and tax planning opportunities related to a voluntary revocation.
  • Evaluate complication related to mid-year termination of S corporation status.
  • Discuss and evaluate limitations on re-electing S corporation status.
  • Consider recent legislation which could affect the decision to terminate the S corporation election

Designed For

CPAs and attorneys.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

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

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