Advanced Tax Planning S Corporations

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 11

As a tax practitioner, you need to understand the intricacies of the ever-popular S Corporation form of doing business and consider the tax affect various types of S Corporation distributions will have on its shareholders. Updated for Tax Reform, this CPE 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. Course materials will include the impact of the Tax Cuts and Jobs Act of 2017 tax reform law.


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 andprofits (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.


Basis in S Corporation Stock
Compensation Planning
Qualified Subchapter S Subsidiaries
Liquidations, Reorganizations, and Redemptions
Estate Planning and the Use of Trusts

Additional Information

Designed For

CPAs, attorneys, and non-profit managers


American Institute of CPAs


11.00 Taxes

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Level of Knowledge


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