Dates:
New Dates to be Announced
Time:
8:00 a.m. - 5:00 p.m.
Location:
TU Campus
Fee: *
$1,595 per person
Early online registration 10 days prior to program start date: $1,295 per person
Call for group discounts
*subject to change for future programs
Tax Implications &
Accounting for
S-Corporations And Property Transactions
This is an intense three-day program. Each day will be eight-hours of classroom instruction on the on S Corporations tax issues and distributions to shareholders, and real estate concepts, costs, losses and sales.
Outline of Topics
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S Corporations and Their Shareholders: An Introduction and Overview of Subchapter S |
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| Part 1 | Eligibility for S Corporation Status | |
| 1 | Sec. 1361 | |
| 2. | Ineligible Corporations and Subsidiaries | |
| 3. | Number of Shareholders & Eligible Shareholders | |
| 4. | One Class of Stock Requirement | |
| Part 2 | Election, Revocation and Termination | |
| 1. | Sec. 1362 and Sec. 1378 | |
| 2. | Election S Corporation Status | |
| 3. | Revocation of Election, Termination of Election & Inadvertent Terminations | |
| 4. | Taxable Year of an S Corporation | |
| 5. | Fiscal Year Election (Sections 444 and 7519) | |
| Part 3 | Treatment of Shareholders | |
| 1. | Sec. 1363, Sec. 1366, Sec. 1367, Sec. 1371 and Sec. 1377 | |
| 2. | Pass-Through of Income and Losses: Basic Rules | |
| 3. | Loss Limitations | |
| 4. | Sale of S Corporation Stock | |
| 5. | Discharge of Indebtedness | |
| Part 4 | Distributions to Shareholders | |
| 1. | Sec. 311, Sec. 1368, Sec. 1371 | |
| 2. | S Corporations Without Earnings and Profits | |
| 3. | S Corporations With Earnings and Profits | |
| 4. |
Distributions of Appreciated Property |
|
| Part 5 |
Taxation of the S Corporation |
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| 1. | Sec. 1363, Sec. 1374 and Sec. 1375 | |
| 2. | Tax on Built-in Gains & Passive Investment Income | |
| Part 6 | Coordination with Subchapter C | |
| 1. | Sec. 1371 and Sec. 1372 | |
| 2. | Formation of a Corporation | |
| 3. | S Corporations as Shareholders | |
| 4. | Distributions & Liquidating Sales | |
| 5. | Taxable Acquisitions of S Corporations | |
| 6. | Taxable Acquisitions by S Corporations | |
| 7. | Tax-Free Reorganizations | |
| 8. | Corporate Divisions | |
|
Taxation of
Property Transactions: |
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| Part 1 | Introduction and Overview | |
| 1. | Fundamental Concepts of property Transactions | |
| 2. | Capital Expenditures vs. Revenue Expenditures | |
| Part 2 | Cost Recovery Issues | |
| 1. | Depreciation | |
| 2. | Amortization | |
| 3. | Depletion | |
| Part 3 | Loss Transactions | |
| 1. | Sec. 165 in General | |
| 2. | Worthless Securities | |
| 3. | Casualty and Theft | |
| 4. | At Risk Rules of Sec. 465 | |
| 5. | Passive Activity Losses | |
| Part 4 | Property Sales | |
| 1. | Realization and Recognition Issues | |
| 2. | Gain or Loss Determination | |
| 3. | Recover of Capital | |
| 4. | Basis Issues | |
| 5. | Wash Sales | |
| Part 5 | Non-recognition Transactions | |
| 1. | Like-Kind Exchanges | |
| 2. | Involuntary Conversions | |
| 3. | Sale of a Personal Residence | |
| Part 6 | Non-recognition Transactions | |
| 1. | Like-Kind Exchanges | |
| 2. | Involuntary Conversions | |
| 3. | Sale of a Personal Residence | |