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Surgent’s Advanced Critical Tax Issues for S Corporations (SU1779/22)

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Surgent’s Advanced Critical Tax Issues for S Corporations (SU1779/22)

Member Price $279
Non-Member Price $309
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January 25, 2023 @ 10:00 am

Event Description

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.

Designed For

All practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications

Objectives

Understand how stock basis, AAA, and other limitations are determined Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions

Major Subjects

The Tax Cuts and Jobs Act of 2017 and summaries of the relevant provisions of the various stimulus acts Final regulations on “eligible terminated S corporations” (ETSCs) Cases, rulings, and tax law changes affecting S corporations Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues Use of redemptions: still some advantages Planning for the liquidation of an S corporation Tax issues for family ownership of S corporation stock Impact of the tax on net investment income on sales of S corporation stock Stock basis: Loss limitations, AAA, and distribution issues in depth Debt basis: what the regulations on back-to-back loans mean to investors Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance Built-in gains: the 5-year recognition period S corporation structuring: one class of stock Methods of accounting Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates

Prerequisites

A basic course in S corporations; some experience in advising S corporations and their shareholders

Instructions

None

Details

Date:
January 25, 2023
Time:
10:00 am

Other

Credit Hours
8
Max Registrations
0
Course Level
A
Course Type
Webinar