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Previously titled: Advanced Tax Strategies for S Corporations
For effective tax planning, be sure to review the most recent tax legislation and court cases with an eye toward the S Corporation. The S Corporation can offer advantages over the C Corporation for closely held businesses. However, there are limitations and pitfalls. In addition, with the proliferation of the LLC (Limited Liability Company) in recent years, it is helpful to compare the advantages and disadvantages of an S Corporation versus a LLC. In addition, with the fiscal cliff related tax changes, there may be good reasons to consider the C Corporation.
This course will help you recommend tax positions given new IRS focal points for S Corporations. This course is highly useful during annual tax planning for the closely-held business operating (or considering operating) as an S Corporation. In addition, proven techniques for tax planning are reviewed as refreshers for manager and partners.
Prerequisite: SCORP-S Corporation Fundamentals
Advanced Preparation: None