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Advanced Tax Planning S Corporations - Tax Staff Essentials

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(Check-In 7:30am)

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Holiday Inn Missoula Downtown

200 S Pattee St
Missoula, MT 59802

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8.00 Credits

Member Price $300.00

Price will increase by $50 after 7/31

Non-Member Price $350.00

Price will increase by $50 after 7/31

Overview

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.

Updated for the latest guidance on recently enacted tax legislation, this 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.

Highlights

  • S Corporation current developments: tax planning impact
  • Compensation planning
  • Basis in S Corporation stock
  • Distributions
  • Use of qualified subchapter S subsidiaries
  • Liquidations, reorganizations and redemptions
  • Estate planning and use of trusts

Prerequisites

Basic knowledge of S Corporation taxation

Designed For

Managers and partners in public accounting who assist clients with tax planning for S Corporations.

Objectives

When you complete this course you will be able to:

  • 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 the gain and loss on the distribution of property
  • Apply the corporate reorganization rules to S corporations
  • Calculate the tax effect of a redemption of S corporation stock
  • Identify the rules relating to the liquidation of an S corporation
  • Determine the effect of a shareholder's death on the S corporation

Preparation

None

Leader(s):

Leader Bios

Bruce Nelson, AICPA

Bruce M. Nelson, MA, CPA, with the firm of Ehrhardt, Keefe, Steiner & Hottman, P.C. Prior to joining EKS&H he practiced as a CPA with Silverstein & Pomerantz. Bruce’s experience also goes back to two years as the Manager of Tax Policy at the State of Colorado. Before that, he was a Senior Tax Manager for several years in a “Big Four” accounting firm, where he ran the state and local tax desk. Bruce earned his B.A. degree from the University of Nebraska-Lincoln and a Master’s degree from Colorado State University and is a licensed CPA Colorado. He is on the adjunct faculty for Regis University where he teaches courses in individual, partnership, and corporate taxation. He is a frequent seminar speaker teaching continuing education in state and local tax for the University of Denver’s Graduate Tax Program, the Colorado Society of CPA’s, and the American Institute of CPAs. Bruce has published more than forty tax articles in many publications including the Journal of Accountancy, Tax Executive, Controller Magazine, the Journal of Multistate Taxation, State Tax Notes, and Colorado Lawyer. Bruce is the author of AICPA’s CPE courses Multistate Income Tax: Simplifying the Complexities and also Sales and Use Tax: Guide to Doing it Right. A former columnist for the Journal of State Taxation, he is also the co-author of the Sales and Use Tax Answer Book and co-editor of the Guidebook to Colorado Taxes, both published by Commerce Clearing House. He is a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants.

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Non-Member Price $350.00

Member Price $300.00