[WEB] Advanced S Corporation Tax Workshop
This course is designed to deal with many of the operating issues and planning ideas available to a business operating as an S corporation, including IRS audit issues and common problems associated with a C corporation that has recently elected S corporation status.
- Discuss the problems associated with one-class-of-stock rules and check-the-box regulations.
- Describe issues related to compensation and fringe benefits, including compensating an employee with an ownership interest in the S corporation.
- Explain problems and pitfalls in allowing a trust to hold S corporation stock, including an
ESBT and QSST, as well as having a marital trust make either an ESBT or QSST election.
- Identify specific problems with S corporation loan and stock basis, net negative adjustment, and AAA, including maximum amount of loss deductible under the basis and at-risk rules, repayment of debt, guarantee of corporate debt, and corporate distributions with and without sub-C earnings and profits, as well as reporting the K-1 items on Form 7203.
- Discuss the treatment of S corporation cancellation of debt (COD) income.
- Discuss the passive loss rules and the self-charged interest rules and the calculation of qualified business income under Â§ 199A.
- Discuss the practical problems that may be encountered if the S corporation operates in a state which has enacted the PTE election.
- Discuss strategies for minimizing the built-in gains tax.
- Calculate the tax on excess net passive income.
- Use the stock redemption rules to the advantage of the S corporation shareholder.
- Discuss the liquidation of an S corporation, including Â§338(h)(10) and Â§336(e) elections.
- Employ an S corporation in a reorganization, including qualified subchapter S subsidiaries.
Early Registration Member Fee
Applicable if you are a HSCPA member in good standing and register by December 2, 2022.
Applicable if you are a HSCPA member in good standing.
Early Registration Non-Member Fee
Applicable if you are not a HSCPA and register by December 2, 2022.
Applicable if you are not a HSCPA member.