Advanced Tax Planning: S Corporations - BILLINGS

Overview

BILLINGS CLUSTER CLASS

Understand the intricacies of the ever-popular S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.

Updated for the latest guidance on recently enacted tax legislation, this course examines planning and reporting successful complex S corporations transactions. The uses of Qualified Subchapter S Subsidiaries are also explored to help you minimize your client's tax bill with winning strategies related to this type of entity.

This course also has a VIRTUAL option. Please see 'MTCPA Webcasts' tab on the CPE page.

HOTEL
MTCPA has a room block at the Hilton Garden Inn Billings for 10/28-29/2025.  Please reference "Montana Society of CPAs CPE Cluster" when calling to book. 406-655-8800. Standard Room: $144 + tax. Rate available until 9/28/2025.

Highlights

• S corporation current developments: tax planning impact
• Compensation planning
• Basis in S corporation stock
• Distributions
• Use of qualified subchapter S subsidiaries
• Liquidations, reorganizations and redemptions
• Estate planning and use of trusts

Prerequisites

Basic knowledge of S corporation taxation

Designed For

Managers ad partners in public accounting who assist clients with tax planning for S corporations

Objectives

When you complete this course, you will be able to . . .

• Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders
• Calculate gain and loss on the distribution of property
• Identify the rules concerning fringe benefits received by S corporation shareholder-employees
• Apply the corporate reorganization rules to S corporations
• Calculate the tax effect of a redemption of S corporation stock
• Apply the rules relating to Qualified Subchapter S subsidiaries

Preparation

None