S Corps: Crucial Insights: Why You Should Pick S over C, Traps in S Corp Qualification, and More

4.5 (10)

Greg White

State of the Art Tax LLC

Tuesday, March 02, 2021 | 12:30 PM EST

  • AFSP
  • CPA
  • EA
  • Tax Pros
  • CTEC

2 CPE | 2 CE

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax Update for Oregon Tax Preparers

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

By sheer number, S corps are still the entity of choice for many businesses. Hence, tax practitioners need to be aware of the planning and potential traps associated with S-corp taxation. Reviewing real-world strategies that can assist your clients in reducing their tax liabilities, while accomplishing their economic goals, as well as discuss cutting-edge tax strategies is never an option. This webinar provides a comprehensive look at S-corporation. It will give the crucial insights about selecting the right type of corporation for your entity in turn.

The webinar will take a deeper dive into the real cost of converting a C-corporation to an S-Corporation. It will discuss whether one should choose S-Corp or C-Corp status based on merits. The webinar comes to you with the most recent updates of S Corporations issues. It will offer invaluable strategies, techniques, innovative tax-planning concepts, and other planning opportunities available to S-corporations. It will cover steps to help avoid loss of S corporation status. The webinar will provide you all the details you need to know to maintain the eligibility status of an S-Corporation. The webinar will take an in-depth dive on the special considerations for stock held by estates or trusts of deceased shareholders.

Major Topics Covered :

  • The cost of converting a C corporation to an S corporation.
  • Maintaining eligibility of an S corporation.
  • Choosing the best type of corporation for your client.
  • Special rules for stock owned by estates and trusts.

This webinar will be a key value to the CPAs, Enrolled Agents, and Tax preparers.

Learning Objectives

  • To compute the cost of converting from C-Corp to S-Corp status.
  • To explore ways to avoid loss of S corporation status.
  • To identify the considerations involving stock held by estates and trusts, including elections (QSST and ESBT).

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Accounting Practice Owners
  • Senior Accountant
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Staff of Accounting Firm

Testimonial

4.5

(10)
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PC

Program would have been better if the sound and video didn't keep cutting out.