June 13, 2022


1 Total CPE Credits


S Corporations: QSUB Elections

Learning Objectives

  • Recognize the immediate and long-term tax consequences of making or not making a QSUB election.
  • Identify situations where the QSUB election can be made.
  • Analyze the result of the "deemed liquidation" including unusual facts which can create complications.
  • Discuss situations where the election could be desirable or undesirable.
  • Explain the tax compliance requirements necessary to successfully make the QSUB election.
  • Understand tax consequences of termination of QSUB election

Major Topics

  • Requirements that must be satisfied to make the QSUB election.
  • How to make the QSUB election.
  • Immediate tax consequences of the election, "deemed liquidation."
  • Potential complications of "deemed IRC 332 liquidation."
  • Situations where the QSUBelection could be desirable.
  • Situations where the QSUB election could be undesirable.
  • Longer-term consequences of the decision to elect or not elect.
  • Terminations of QSUB election

CPE Credits Available

Total CPE

Things to Know About This Course


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

Advanced Preparation


Intended Audience

CPAs and lawyers.


California Society of CPAs

This event has ended.