June 10, 2022


2 Total CPE Credits


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

Total CPE

Things to Know About This Course


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

Advanced Preparation


Intended Audience

CPAs and attorneys.


California Society of CPAs

This event has ended.