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

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