CPE Self-Study

Advanced Tax Planning S Corporations - Tax Staff Essentials

  • $169.00-$209.00
    Advanced Tax Planning S Corporations - Tax Staff Essentials Online Access Product #: 157772
    AICPA Member: $169.00
    Non-Member: $209.00
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    Product #: GT-TSE.ATPSC

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The tax practitioner needs to understand the intricacies of the ever- popular S Corporation form of doing business. It is important to consider the tax affect various types of S Corporation distributions will have on your shareholders and protect shareholder/clients with careful compensation planning.

This CPE course examines how to successfully plan and report complex S Corporation transactions. It also explores how Qualified Subchapter S Subsidiaries may be utilized to help minimize your client's tax bill with winning strategies related to this type of entity.

Learning Objectives

This course will prepare you to:

  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders
  • Calculate the basis limitations on losses
  • Apply the rules for cash distributions
  • Calculate gain and loss on the distribution of property
  • 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)
  • Recognize when QSubs should be used
  • Identify the rules relating to the liquidation of an S corporation
  • Apply the corporate reorganization rules to S corporations
  • Calculate the tax effect of a redemption of S corporation stock
  • Recognize the eligibility of trusts as S corporation shareholders
  • Determine the effect of a shareholder's death on the S corporation

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

Who Will Benefit?

  • Managers and partners in public accounting who assist clients with tax planning for S Corporations


Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Brian R. Greenstein, Ph.D

Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice.

Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. He has also written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes -- The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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