S Corporations: Strategies from Formation to Termination (CL4SCORP)

Date: 6/17/2008
Mandan Seven Seas
Time: 12:30 PM - 4:00 PM (Please verify this time on your confirmation.)
4 CPE Hours
$125 Member
$155 Nonmember
Add $25 after 6/3/2008
Instructor: Steve Lustig

Once again the darling form for many businesses. Find out why during this information packed session. Practical real life examples give you ideas to apply immediately for your S corporation clients. Review the advantages of the S corporation tax rules. Minimize your client’s tax bill with the latest business and tax strategies that make S corporations so popular. Decide if an S corporation is your client’s entity of choice.

Upon completion of this course, participants will be able to:

• Comply with federal and state S corporation laws and regulations
• Apply special elections and tax treatments in S corporations
• Select tax planning ideas to utilize in S corporations
• Understand the complex rules of S corporation distributions

Major Topics:

• How to elect S corporation status, how and when to terminate
• Avoiding built-in gains, excess net passive income and business credit recapture
• Tax considerations in the distribution of S corporation earnings and profits
• Pass through rules—selecting the most advantageous allocation method

Designed For: Practitioners who serve S corporation clients and professionals working for an S corporation
Level: Basic
Developer: AICPA

About the Speaker:
Steven D. Lustig, J.D., CPA
Mr. Lustig is the founder Galapagos Financial Partners, LLC, based in Gaithersburg, Maryland and La Jolla, California, which, for businesses and individuals, specializes in Financial and Tax Planning, Budgeting, Funding Sources and Uses of Funds, Tax Strategies, Management Structure, Finance Department Operations and Human Resource issues. Mr. Lustig has lectured throughout the United States for the AICPA, ABA, CPA firms, and national and local business organizations and has authored tax material and courses in closely held business areas, estate planning and negotiating with the IRS. Mr. Lustig is the recipient of the AICPA Outstanding Discussion Leader Award in 2005 and 2006.