Advanced Tax Planning S Corporations - Tax Staff Essentials
Look beneath the surface of S corporation taxation in this discussion of special topics concerning S corporations.
Format
Webcast
Date
Oct 23, 2025
NASBA Field of Study
Taxes
Level
Advanced
CPE Credits
8
Instructor
Deborah A. Phillips
Availability
Product Number
VTSEATPSC251023
Intricacies of the S corporation form
S corporations represent a special tax structure with unique rules and limitations. Become familiar with matters related to S corporations:
- Basis in S corporation stock
- Compensation planning
- Use of qualified subchapter S subsidiaries
- S corporations in estate planning
Updated for recent developments
It's important to stay current on legislation and IRS publications that affect S corporations. Learners gain insight into the procedures that the IRS issued in recent years to cure a defective S corporation election.
The course also includes:
- Recently released revenue procedures
- New private letter rulings
- Other key pronouncements that are crucial to providing quality services to S corporation clients
Key Topics
-Basis in S corporation stock -Distributions -Compensation planning -Qualified subchapter S subsidiaries -Liquidations, reorganizations and redemptions -Estate planning and the use of trusts -Section 199A
Learning Outcomes
-Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders. -Calculate gain and loss on the distribution of property. -Apply the distribution ordering rules when an S corporation has accumulated earnings and profits. -Evaluate the rules concerning fringe benefits received and expenses incurred by S corporation shareholder-employees. -Apply the rules relating to qualified subchapter S subsidiaries (QSubs). -Assess the corporate reorganization rules on S corporations. -Calculate the Section 199A deduction.
Who Will Benefit
- Managers and partners in public accounting firms
- CPA sole proprietors specializing in taxation of S corporations
- Tax planning professionals
Group ordering for your team
2 to 5 registrants
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