Experienced tax professionals explore advanced concepts to help expand the tax services they provide.
Learning Objectives
- 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.
- Evaluate the rules concerning fringe benefits received by and expenses incurred by S corporation shareholder-employees.
- Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
- Assess the corporate reorganization rules for S corporations.
- Evaluate the effects of a shareholder’s death on the S corporation.
- Calculate the Section 199A deduction.
