Description
The use of an S corporation election can dramatically affect the tax consequences of owning a corporate business. This course focuses on the requirements that must be satisfied to make and retain this tax election.
Highlights
• Qualified shareholder requirement
• Trusts as shareholders
• Estates as shareholders
• Qualified tax exempt shareholders
• Tax planning ideas to accommodate economic investments by disqualified investors
• Special rules for counting the number of shareholders
• One class of stock requirement
• Indirect preferences creating risk of failing one class of stock requirement
• Disqualified corporations
• Making an effective S corporation election
• Relief for late or defective elections
• Inadvertent termination relief for involuntary terminations
Objectives
• Identify and discuss the requirements that must be satisfied to make the S corporation election
• Recognize complications related to having trusts, estates, tax-exempt and ESOP shareholders
• Review and application of the one class of stock requirement to accomplish continued qualification
• Determine tax planning ideas to accommodate economic participation by disqualified investors
Designed For
CPAs
Course Pricing
WYOCPA Member Fee
$49.00
Non-Member Fee
$59.00
Your Price
$59.00
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