S Corporations Part 1: Converting C Corps to S Corps (Completed)

Date: Monday, June 1, 2020
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join Greg White, CPA, as he takes a deep dive into the cost of converting a C corporation to an S Corporation. We’ll discuss whether to choose S corp or C corp status. We’ll cover steps to help you avoid loss of S corporation status. We’ll also cover the special considerations for stock held by estates or trusts of deceased shareholders.

Topics Covered

  • Cost of converting a C corporation to an S corporation
  • Maintaining eligibility of an S corporation
  • Choosing the best type of corporation for your client
  • Special rules for stock owned by estates and trusts

Learning Objectives

  • Recognize how to compute the cost of converting from C corp to S corp status
  • Identify new ways to avoid loss of S corporation status
  • Identify the considerations involving stock held by estates and trusts, including elections (QSST and ESBT)

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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