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S Corporations: Conversions 2024 (2 hours)

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2.0 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

Electing S corporations may find it desirable or necessary to terminate this election and convert to a C corporation. Alternatively, qualifying C corporations may determine the S status as the preferred tax status. With significant current and future tax considerations, terminating or electing S corporation status can be desirable. We’ll consider situations when such conversions are desirable-identifying and discussing tax planning opportunities and complications at conversion.

Highlights

  • 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

Prerequisites

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

Designed For

CPAs and attorneys.

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 voluntary revocation
  • Consider tax result from making the S corporation election-how and why
  • Discuss built-in gain tax planning

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!

Non-Member Price $119.00

Member Price $89.00