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Advanced Tax Strategies for S Corporations

Author/Moderator: Brian Greenstein, Ph.D.
Publisher: AICPA
Availability: In Stock
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This CPE course will help you recommend tax positions given the Internal Revenue Service focus on S corporations. This course is highly useful during annual tax planning for the closely-held business operating (or considering operating) as an S corporation. Proven tax-planning techniques are reviewed as refreshers for managers and partners.

Topics Discussed:

  • Basis in S Corporation Stock
  • Distributions
  • Compensation Planning
  • Use of Qualified Subchapter S Subsidiaries
  • Liquidations, Reorganization, and Redemptions
  • Estate Planning and the Use of Trusts

Learning Objectives:

  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate the basis limitations on losses.
  • Calculate gain/loss on the distribution of property.
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Recognize when QSubs should be used.
  • Identify the rules relating to the liquidation of an S corporation.
  • Apply the corporate reorganization rules to S corporations.
  • Calculate the tax effect of a redemption of S corporation stock.
  • Determine the effect of a shareholder’s death on the S corporation.

Prerequisite: Completion of AICPA’s course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience

Advanced Preparation: None

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Videocourse Details

NASBA Field of Study: Taxes
Level: Advanced
Recommended CPE Credit: 7
Advanced Tax Strategies for S Corporations
Text , 2015
Product# 733257
Availability: In Stock
AICPA Member:$129.00
Your Price:$169.00
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