S Corporation Taxation: Advanced Issues
December 5th, 2023 - December 5th, 2023 @ 9:00am-12:30pm
| Member Price | $279 |
| Non-Member Price | $379 |
| If you are a member, please login to activate member pricing. | |
Credits
4Description
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.
Detailed rules governing basis in the shareholder’s debt and stock
AAA
Built-in gains incurred from the sale of assets
Redemptions and liquidations
Compensation planning for shareholders, including planning strategies under the SECURE Act
Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable
Objectives
Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations Describe corporate level taxes Describe the rules governing the redemption and liquidation of an S corporation Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation Be familiar with the results of the case studies that reinforce key learning pointsMajor Subjects
Detailed rules governing basis in the shareholder’s debt and stock
AAA
Built-in gains incurred from the sale of assets
Redemptions and liquidations
Compensation planning for shareholders, including planning strategies under the SECURE Act
Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable