S Corporations Part 4: Ordinary Losses on Stock Sales, Exit Strategies, and K-1 Conformity (Completed)

Date: Tuesday, June 22, 2021
Instructor: Greg White
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

We’ll cover when clients can get ordinary losses on sales or worthless of S corp stock. We’ll discuss exit strategies for S corporation owners. We’ll take a deep dive into “land banks” – using S corporations to maximize capital gains on the sale of land that will later be developed.

Topics Covered

  • Exit strategies for S corp shareholders
  • Taking ordinary losses on the disposition of S corp stock
  • Perils of distributing appreciated assets from an S corporation

Learning Objectives

  • Identify the requirements to take ordinary losses on the sale of S corporation stock
  • Recognize hot to apply a wide variety of exit strategies for S corporation shareholders
  • Identify the K-1 "conformity" requirements that apply to shareholders

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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