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

Oct 28, 2020
Time: 8:30am - 4:00pm

Subject:

Taxation

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

Greg White, CPA    more info

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his tenth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he teaches Capital Assets, Tax Accounting and Individual Taxation. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine.

Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV, King TV, and Northwest Cable News. He is frequently in contact with Treasury, IRS and other top government officials in Washington, D.C. as to late breaking guidance from the government and has been involved in making recommendations to them to help practically shape federal tax legislation and administrative guidance.

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Website registration for this course closes on October 27, 2020. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

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