S Corporation Taxation: State of the Art Tax Strategies Webcast [SCORP]

Full Description

S Corporation Taxation: State of the Art Tax Strategies Webcast (SCORP)

October 28th, 2020

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Cover the most important topics while having fun. Learn how courts determine what "reasonable compensation" means in the S corporation area. Also, learn how to save taxes when purchasing stock in an S corporation. By sheer number, S corps are still the entity of choice for many businesses. Therefore, tax practitioners need to be aware of the planning and potential traps associated with S corp taxation. Review real-world strategies that will assist your clients in reducing their tax liabilities, while accomplishing their economic goals, as well as discuss cutting-edge tax strategies.

Major Topics:
- S corp current developments: Tax planning impact
- Reasonable compensation planning
- Basis in S corp stock
- Distributions
- Liquidations, reorganizations and redemptions
- Estate planning and use of trusts

Learning Objectives:
- Determine how to apply rules related to acquisitions and liquidations of S corps.
- Determine when and how to use trusts as S corp shareholders.
- Determine circumstances where S corporations can increase the 20% QBID (passthrough deduction).
- Determine circumstances where S corporations can reduce the 20% QBID (passthrough deduction).
-Identify the complex rules of basis and distributions.
-Identify planning issues related to the use of redemptions in S corps.

Designed For: CPAs and accounting professionals

CPE Credits: 8, Taxation

Level of Knowledge: Advanced

Prerequisite: None

Acronym: SCORP

Discussion Leader: Greg White, CPA

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