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Webcast: S Corporations: Qualification Requirements 2024

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ASCPA Live Online Webcast

Webcast, AZ 85008

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1.0 Credits

Member Price $37.00

Non-Member Price $50.00

Overview

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

Prerequisites

None

Designed For

CPAs

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

Non-Member Price $50.00

Member Price $37.00