June 10, 2022


Webinar


2 Total CPE Credits

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S Corporations: Conversions

Learning Objectives

  • Discuss and analyze situations where terminating an S corporation election could be desirable.
  • Consider common situations where S-election may involuntarily terminate.
  • Understand the process and tax planning opportunities related to a voluntary revocation.
  • Evaluate complications related to mid-year termination of S corporation status.
  • Discuss and evaluate limitations on re-electing S corporation status.
  • Consider tax result from making the S corporation election - how and the why
  • Discuss built-in gain tax planning.

Major Topics

  • Reasons to terminate an S corporation election
  • Involuntary terminations
  • Voluntary revocations the process and the consequences
  • Tax planning opportunities related to the termination of S corporation status
  • Complications arising from a mid-year termination
  • Limitations on re-electing S corporation status
  • Making the S corporation election how and why
  • Built-in gain planning

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Prerequisites

Understanding the basics of taxation of individuals, corporations, S corporations and partnerships.

Advanced Preparation

None

Intended Audience

CPAs and attorneys.

Provider

California Society of CPAs

This event has ended.