Advanced Tax Planning S Corporations - Tax Staff Essentials
Updated for Tax Reform, this self-study course examines planning and reporting successful complex S Corporation transactions.
Format
Online
NASBA Field of Study
Taxes
Level
Advanced
CPE Credits
11
Author(s)
Brian R. Greenstein
Availability
1 year
Product Number
157776
Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.
Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.
In this CPE self-study course, you will learn about planning and reporting successful complex S corporation transactions. Updated for the tax reform of the Tax Cuts and Jobs Act, this course also explores the uses of qualified subchapter S subsidiaries to help you minimize your client's tax bill with winning strategies related to this type of entity.
- Managers and partners in public accounting who assist clients with tax planning for S Corporations
- Section 199A
- Basis in S Corporation Stock
- Liquidations, Reorganizations, and Redemptions
- Estate Planning and the Use of Trusts
- Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders
- Calculate the basis limitations on losses
- Apply the rules for cash distributions
- Calculate gain and loss on the distribution of property
- Identify the distribution ordering rules when an S corporation has accumulated earnings and profits (AE&P)
- Identify the rules concerning fringe benefits received by S corporation shareholder/employees
- Apply the rules relating to qualified subchapter S subsidiaries (QSubs)
- Recognize when QSubs should be used
- Identify the rules relating to the liquidation of an S corporation
- Apply the corporate reorganization rules to S corporations
- Calculate the tax effect of a redemption of S corporation stock
- Recognize the eligibility of trusts as S corporation shareholders
- Determine the effect of a shareholder's death on the S corporation
- Define income qualifying for the deduction under Section 199A
- Subdivide activities into SSTBs and non-SSTBs
- Calculate the Section 199A deduction
- Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances
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