ACTS
SURGENT McCOY'S ADVANCED CRITICAL TAX ISSUES FOR S CORPORATIONS
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.
Major topics include:
- Cases, rulings, and tax law changes affecting S corporations
- Compensation planning in S corporations, including limitations in a family-controlled business
- Use of redemptions
- Planning for the liquidation of an S corporation
- Tax issues for family ownership of S corporation stock
- Stock basis: Loss limitations, AAA, and distribution issues in depth
- Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance
- Timing of cash and property distributions
- Subsidiary operations
- Are further major changes coming to Subchapter S?
Designed for: All practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications.
Level of knowledge:
Advanced
Field
of study: Taxes
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