S Corp Tax Strategies for 2023

Join expert Greg White, CPA, for this two part webinar series to cover the best strategies for S Corporation taxation. In part 1, Greg will take 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. Your benefits from taking the course will include a deep understanding of some of the essential elements of tax planning for S corporations. How do you determine reasonable compensation? We’ll cover every important case and provide practical methods to calculate how much compensation is reasonable. We’ll also cover basis increases that arise from shareholder debt: what works and what doesn’t work. Finally, we’ll cover what happens when an S corporation is inadvertently terminated – how you can get the train back on the track.

Join expert Greg White, CPA, for this two part course series to cover the best strategies for S Corporation taxation. In part 2, Greg will take a deep dive into maximizing the QBID for S corporations. We’ll cover the tax consequences of property distributions from an S corp (including circumstances where ordinary income is triggered). We’ll discuss how to decide whether shareholders should provide funds through loans or contributions. We’ll also cover when clients can get ordinary losses on sales or worthless of S corp stock. We’ll discuss exit strategies for S corporation owners. We’ll take a deep dive into “land banks” – using S corporations to maximize capital gains on the sale of land that will later be developed. You’ll gain a deep understanding of strategies that minimize Federal taxes when your clients dispose of their S corporation businesses.