Description
For those who've mastered the basics of the ever-popular S corporation form, this course delves deep into the tax effects that various types of distributions will have on an S corporation's shareholders.
This course examines planning and reporting successful complex S corporation 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.
- Qualifies for IRS CE
This event is part of ISCPA's 2025 Tax School - Level 2. This 3-day experience includes 4 complete courses and covers key areas that will expand the depth and breadth of your staff's tax knowledge and ensure they have the confidence and skills to work with greater independence and to expand their roles.
Designed For
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.
- Apply the distribution ordering rules when an S corporation has accumulated earnings and profits.
- Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees.
- Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
- Assess the corporate reorganization rules on S corporations.
- Calculate the Section 199A deduction.
Highlights
- Basis in S corporation stock
- Distributions
- Compensation planning
- Qualified subchapter S subsidiaries
- Liquidations, reorganizations, and redemptions
- Estate planning and the use of trusts
- Section 199A
Advanced Prep
- Manual
- If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
- If you did purchase a printed manual and would also like an electronic copy be sure to download it
If you need this reported to the IRS for CE credit, email CPE@idcpa.org
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Leaders
Brian Gosline
Brian Gosline, CPA, JD Spokane, WA
2015 AICPA OUTSTANDING DISCUSSION LEADER AWARD RECPIENT
BRIAN G. GOSLINE's primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chair of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 412,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He was named an Outstanding Discussion Leader by the AICPA for 2015. Since 1990, he has been an adjunct professor of federal taxation and business law at the Gonzaga University Graduate School of Business where he was named MACC Faculty of the Year for 2010-2011.