S Corporation Taxation: State of the Art Tax Strategies: Part 1
Author: Greg White
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
We’ll take a deep dive into a broad array of tax strategies covering a broad range of strategies including reasonable compensation, cost of converting a C corporation to an S Corporation, how to fix inadvertent S corporation terminations, reasonable compensation and other planning topics.
Publication Date: October 2025
Designed For
Tax professionals seeking practical strategies in S corporation planning.
Topics Covered
- When are S corporations preferred over C corporations and partnerships
- Converting S corps to C corps – Should you convert? What are the costs and benefits
- Reasonable compensation for shareholder-employees
- Strategies for restoring terminated S corp status (retroactively)
Learning Objectives
- Identify situations where S corporations result in a lower Federal tax burden than C corporations
- Recognize the costs and benefits of converting from C corp to S corp status
- Identify some of the traps that can result in the loss of S corporation status
- Identify strategies for restoring S corp status retroactively
- State how to compute reasonable compensation
- Identify the federal built-in gains tax rate for years 2018 and after
- Identify the type of organization that would generally qualify as an S corp
- Identify the planning step that can help reduce the impact of built-in gains (BIG) tax for an S corporation
- Identify the action a minority S corporation shareholder can use to prevent a “freeze out”
- Identify a strategy that allows an S corporation to obtain investment from a nonresident alien without losing S corp status
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Some experience with S corporations and Form 1120-S.
Advance Preparation
None
