CPE Course Surgent's S Corp Distributions: Understanding and Managing the Tax Consequences (UMTC)

October 27, 2017

1:00 PM — 3:00 PM

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Taxation

Field of Interest

Level Beginning

Designed For

CPAs, EAs, return preparers, tax attorneys, and other tax professionals who advise S corporations and S shareholder-employee clients will benefit from this insightful webinar

2.00 credits

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Objective

  • Gain a practical understanding of how to determine the taxability of distributions for S corporations
  • Identify planning opportunities for making tax-efficient distributions
  • Explain when an S corporation may prefer to make taxable dividends

Highlights

  • The different tax consequences that may result from an S corporation distribution
  • Why a difference exists between the taxability of distributions for C and S corporations
  • The general rules for maintaining a shareholder's basis in S corporation stock
  • How a shareholder's basis in his S corporation stock impacts the taxability of an S corporation's distributions
  • The concept of C corporation earnings and profits and how the existence of E&P may change the consequences of an S corporation's distribution
  • When an S corporation's accumulated adjustments account is relevant in determining the taxability of a distribution
  • Computing and adjusting the accumulated adjustmentsaccount
  • Previously taxed income and the other adjustment account
  • Use of post-year-end elections to make tax-efficient distributions

Instructors

Prerequisites

None

Developer

Surgent McCoy CPE, LLC

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