• 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
Learning 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 gain and loss on the distribution of property.
• Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
• Apply the corporate reorganization rules to S corporations.
• Calculate the tax effect of a redemption of S corporation stock.
• Apply the rules relating to Qualified Subchapter S subsidiaries
Major Topics
• 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
