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Advanced Tax Planning S Corporations

Advanced Tax Planning S Corporations

Gain technical knowledge and expertise to respond to the needs of new and existing clients with S corporations.

$307 - $373
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NASBA Field of Study




CPE Credits



Deborah A. Phillips


Product Number


 Business & partner 
Product Details

Help S corporation clients with tax planning

Understand the intricacies of the S corporation form of doing business and consider the tax effect that various types of S corporation distributions will have on the corporation's shareholders.

Learn about planning and reporting successful complex S corporation transactions, updated for the latest tax legislation.

Explore the uses of qualified subchapter S subsidiaries to help you minimize your client's tax bill with winning strategies related to this type of entity.

Key Topics

  • 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

Learning Outcomes

  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate gain and loss on the distribution of property and apply the rules for cash distributions.
  • Identify the distribution ordering rules when an S corporation has accumulated earnings and profits (AE&P)
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
  • Apply the corporate reorganization rules to S corporations and identify the rules relating to the liquidation of an S corporation.
  • Calculate the Section 199A deduction and subdivide activities into SSTBs and non-SSTBs.
  • Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances.

Who Will Benefit

  • Managers and partners in public accounting firms
  • CPA sole proprietors specializing in taxation of S corporations
  • Tax planning professionals
Credit Info
CPE Credits
NASBA Field of Study
Completion of AICPA's course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
8 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
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Contact us
Deborah A. Phillips
Deborah A. Phillips, CPA, MST, operates her own tax controversy practice where she specializes in partnership and S Corporation tax law as well as IRS audits and procedures. Debbie, retired from the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS) where she was a Senior Manager in the Flow Through Issue Practice Group (IPG). The IPG specializes in S corporation and partnership tax issues for LB&I. Debbie worked for the IRS for over 31 years ago and she has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations and Technical Assistant to the Deputy Commission International, the Technical Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry and the IRC Section 263A Technical Advisor. Debbie taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 17 years as well as a text book author. Debbie earned her master's degree in taxation from Widener University.

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Advanced Tax Planning S Corporations
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Dec 21, 2022
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