Webinar (CA): S Corporations: Conversions

Description

Electing S corporations may find it desirable or necessary to terminate this election and convert to a C corporation. Terminating S corporations can be desirable with important current and future tax considerations. We’ll consider situations when such conversions are desirable. Identifying and discussing tax planning opportunities and complications at conversion. Also, considers recent and pending legislation.

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 recent and proposed legislation which could affect the decision to make or terminate the S corporation election

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
• Recent or proposed legislation affecting the decision to terminate the S corporation election
• Making the S corporation election how and why
• Built-in gain planning.

Provider
California CPA Education Foundation
Course Level
Overview
CPE Field of Study
Tax
2
Who Should Attend

CPAs and attorneys.

Instructor(s)
John McWilliams
Prerequisites

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

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Jun 17, 2021
9:00 am - 11:00 am MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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Webinar (CA): S Corporations: Conversions


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