S Corporations Part 1: Converting C Corps to S Corps and Preserving S Status
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Join Greg White, CPA, as he takes a deep dive into the cost of converting a C corporation to an S corporation. We’ll discuss whether to choose S corp or C corp status. We’ll cover steps to help you avoid loss of S corporation status. We’ll also cover the special considerations for stock held by estates or trusts of deceased shareholders.
Join us and gain practical insights to help your clients make informed decisions and protect their S corporation status.
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 cardPublication Date: February 2026
Topics Covered
- Cost of converting a C corporation to an S corporation
- Avoiding the accumulated earnings and excess passive receipts problems
- Maintaining eligibility of an S corporation
- Choosing the best type of corporation for your client
- Special rules for stock owned by estates and trusts
Learning Objectives
- Recognize how to compute the cost of converting from C corp to S corp status
- Identify new ways to avoid loss of S corporation status
- Identify the considerations involving stock held by estates and trusts, including elections (QSST and ESBT)
- Identify ways to avoid the excess passive receipts tax
- Identify the shareholder type that is ineligible to own S corporation stock directly
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
