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"S corporations play an increasingly important role in tax planning for closely held corporations and their shareholders. Among the most complicated issues that CPAs face involving accounting and taxation for the termination, liquidation and sale of an interest in an S corporation. Develop an increased awareness and expertise in S corporation issues, and acquire the tools to plan and implement beneficial S corporation related tax strategies.
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12/15/2015
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When:
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12/15/2015
7:30 AM - 3:00 PM
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Where:
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Webcast/Webinar
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Presenter:
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Norman S. Solomon, CPA, JD, LLM
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Contact:
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April Deneault
801-834-6634
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Online registration is closed.
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« Go to Upcoming Event List
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S corporations play an increasingly important role in tax planning for closely held corporations and their shareholders. Among the most complicated issues that CPAs face involving accounting and taxation for the termination, liquidation and sale of an interest in an S corporation. Develop an increased awareness and expertise in S corporation issues, and acquire the tools to plan and implement beneficial S corporation related tax strategies.
Objectives:
Recognize options available to liquidate, sell or otherwise terminate the interests of S corporation stockholders.
Identify ways to integrate complex topics to minimize the tax effects on the stockholders whose interests are terminated.
Determine how to avoid pitfalls for new and remaining owners of businesses.
Major Subjects:
Sale or other disposition of S corporation stock
Allocation of income and losses in the year of disposition
Redemptions of S corporation stock
Liquidations of S corporations (with and without the use of installment notes)
Using stock redemptions to facilitate a change of ownership in a family owned S corporation
Use of suspended losses by terminating stockholders
Preserving S corporation status
Designed For: CPAs and attorneys with at least five years experience with S corporation issues.
Prerequisite: A good working knowledge of S corporation taxation.
Advanced Prep: None
Speaker: Norman S. Solomon, CPA, JD, LLM
Vendor: CalCPA
Field of Study: Taxes
Level: Intermediate
CPE Credit: 8 Hours
Acronym: STLS
Registration Fees:
Members: $275
Nonmembers: $375
Meet the Speaker:
Norman S. Solomon, CPA, LLM (Taxation), president of Norman S. Solomon, CPA, Inc., consults on an advisory basis with other CPAs and attorneys relating to tax planning for closely-held businesses. In the past 15 years his emphasis has been on flow-through entities. He has been a college professor and a speaker at numerous tax conferences and continuing education programs for over 42 years.
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