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Corporate Tax Planning Using Stock Redemptions 4172902A
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The use of stock redemptions to change the ownership of a corporation is common to buy out existing owners, shift ownership to key employees and shift ownership to the younger generation of a family-owned corporation.

 Export to Your Calendar 8/28/2017
When: 1:30 PM to 5:00 PM
Where: Webcast
CALCPA
4172902A
United States
Presenter: John G. McWilliams, CPA, JD
Contact: April Deneault
801-466-10347


Online registration is available until: 8/28/2017
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Curriculums:   Business and Corporate Taxation,California State and Local Taxation,Financial Leadership Forum,Business and Industry

NASBA Credit Category:  Taxes

CPE Hours:  4

Description

The use of stock redemptions to change the ownership of a corporation is common to buy out existing owners, shift ownership to key employees and shift ownership to the younger generation of a family-owned corporation. Reviews relevant federal income tax law and planning strategies to minimize tax cost; focus on how redemptions of the stock of an S corp produce unique and potentially desirable tax results; and describe the complex rules that apply to sales of stock to related corporations which can be treated as redemption (IRC 304). Also, receive an explanation—and cover illustrations—of the consequences of redemption for the redeeming corporation.

Materials are provided as an ebook.



Major Subjects

  • Substantially disproportionate redemptions.
  • Redemptions: terminating the shareholder's interest in the corporation; not essentially equivalent to a dividend; to pay estate tax; of the stock of an S corp; to buy out existing owner or owner group; to shift ownership to key employees or younger family members in a family owned corporation.
  • Partial liquidation.
  • Constructive ownership and redemptions.
  • Sales of stock to a related corporation treated as a redemption (IRC 304).

Objectives

  • Identify tax planning opportunities related to redemption of stock of corporation.
  • Determine tax law related to shareholder tax consequences of stock redemptions.
  • Recognize and illustrate application of special rules for redemptions of an S corp stock.
  • Determine how to use redemptions to buy out a shareholder or shareholder group.
  • Recognize tax law related to using stock redemptions to fund the payment of estate tax.
  • Identify and illustrate the tax consequences of the redeeming corporation.

Level:  Overview

Designed For

CPAs and attorneys with at least two years of experience advising owners of privately held businesses; financial management and owners of privately held corporate businesses; IRS and FTB employees.

Advanced Prep:

None.

Prerequisite

Basic understanding the federal income tax law applicable to corporations.

Price:

Members $120

Nonmembers: $188

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