Advanced Tax Planning: S Corporations
Presenter
Bruce Nelson,
Director of SALT,
EKS&H, LLP
Overview
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. Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporation transactions. The uses of qualified subchapter S subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.
Learning Objectives:
- Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
- Calculate gain and loss on the distribution of property.
- Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
- Apply the corporate reorganization rules to S corporations.
- Calculate the tax effect of a redemption of S corporation stock.
- Apply the rules relating to qualified subchapter S subsidiaries.
Major Topics:
- S corporation current developments: tax-planning impact
- Compensation planning
- Basis in S corporation stock
- Distributions
- Use of qualified subchapter S subsidiaries
- Liquidations, reorganizations and redemptions
- Estate planning and use of trusts
