S Corporation Taxation Strategies (Half-Day Webinar) (Completed)

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.

Topics Covered

• S corp current developments: Tax planning impact
• Compensation planning
• Basis in S corp stock
• Distributions
• Use of qualified subchapter S subsidiaries
• Liquidations, reorganizations and redemptions
• Estate planning and use of trusts

Learning Objectives

• Recognize how to apply rules related to acquisitions and liquidations of S corps
• Differentiate when and how to use trusts as S corp shareholders
• Identify circumstances where S corporations can increase or 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

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None