S Corporations: Strategies from Formation to Termination (CL4SCORP)

Bismarck Ramkota - 6/22/2010
4 CPE Hours
$135 Member ($165 Nonmember)
Add $25 after 6/8/2010

Instructor: Wendy Kravit

Once again this is the darling 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

Highlights:

• 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: CPA firm tax seniors (and above) as well as tax and financial professionals working for an S Corporation
Level: Basic
Developer: AICPA