S Corporations: Converting to C Corporation Webcast | 4203334A

Course Details

Date

Thursday, July 9, 2020

7:00am – 9:00am
(Registration: 6:30am)

Field of Study

Taxation

Course Number

4203334A

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

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

Description




Electing S corporations may find it desirable or necessary to terminate this election and convert to a C corporation. We'll consider 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, consider recent and pending legislation.

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 or proposed 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 and proposed 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.

$75.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$101.00
Your Price $101.00

CPE Choice

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

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