{"id":5015,"date":"2020-08-02T23:06:21","date_gmt":"2020-08-02T23:06:21","guid":{"rendered":"https:\/\/sarahf10.sg-host.com\/?p=5015"},"modified":"2021-02-23T15:24:12","modified_gmt":"2021-02-23T15:24:12","slug":"tax-issues-for-s-corps-federal-and-state-tax-challenges-planning-considerations-for-taxpayers-cpe","status":"publish","type":"post","link":"https:\/\/taxops.com\/tax-issues-for-s-corps-federal-and-state-tax-challenges-planning-considerations-for-taxpayers-cpe\/","title":{"rendered":"Tax Issues for S Corps: Federal and State Tax Challenges, Planning Considerations for Taxpayers CPE"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.straffordpub.com\/products\/negotiating-state-tax-settlements-voluntary-disclosure-amnesty-agreements-and-audit-strategies-2020-09-23\"><img decoding=\"async\" width=\"744\" height=\"400\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps.png\" alt=\"Tax Issues for S Corps\" class=\"wp-image-5016 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps.png 744w, https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps-480x258.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 744px, 100vw\" \/><noscript><img decoding=\"async\" width=\"744\" height=\"400\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps.png\" alt=\"Tax Issues for S Corps\" class=\"wp-image-5016 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps.png 744w, https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps-480x258.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 744px, 100vw\" \/><\/noscript><\/a><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><em><em>Join <a href=\"https:\/\/taxops.com\/team\/allen-gregory\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Allen Gregory\">Allen Gregory<\/a> and <a href=\"http:\/\/www.customizedhrsolutions.com\/about.html\" target=\"_blank\" rel=\"noreferrer noopener\">Rick Wagner<\/a> for <em>a live 90-minute CPE webinar exploring key tax law regulations and developments impacting S Corporations.<\/em><\/em><\/em><\/em><\/p><\/blockquote>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Wednesday, September 2, 2020 @ 1:00 pm &#8211; 2:50 pm EDT<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Early registration discount deadline, Friday, August 7, 2020<\/em><\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.straffordpub.com\/products\/tax-issues-for-s-corps-federal-and-state-tax-challenges-planning-considerations-for-taxpayers-2020-09-02\" target=\"_blank\" rel=\"noreferrer noopener\">Register<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">This webinar will guide tax professionals on critical tax challenges and recent developments for S corporations. The panel will discuss key tax law regulations and developments impacting S corporations, IRS guidance, the impact of the CARES Act and related PPP loan forgiveness, QBI deduction, issues of cash distributions, class of stock and deferred compensation, and transfers of interest. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The panel will also discuss pitfalls to avoid under current tax law and offer tax planning techniques for shareholders. S corporations provide significant advantages to shareholders with pass-through taxation. However,&nbsp;<strong>tax professionals often fail to recognize crucial distinctions from other pass-through entities<\/strong>, critical issues under current tax law and other recent developments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Listen as our panel of CPAs and tax attorneys examines the different tax issues of the S corporation that create problems for professionals, whether to retain S corporation status, elect S corporation status and\/or convert to C corporation status, the impact of business interest limitations, and a host of other vital issues. This CPE will cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Brief overview of tax challenges of S corps<\/li><li>Impact of recent regulations and IRS guidance<ol><li>CARES Act tax reform<\/li><li>SECURE Act<\/li><li>PPP loan forgiveness and related considerations<\/li><\/ol><\/li><li>Challenges related to equity and incentive grants, options, etc.<\/li><li>Transaction planning considerations<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The panel will review these and other key issues:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>What are the critical tax challenges of S corporations under current tax law?<\/li><li>What issues arise for cash distributions, class of stock, deferred compensation, and transfers of interest?<\/li><li>What are the factors to consider in determining whether to retain or elect S corp status or convert to C corp?<\/li><li>Should considerations of Sec. 1202 be a part of the analysis?<\/li><li>What is the impact of recent guidance on Sec. 163(j) limitations and carried interest regulations?<\/li><li>When selling equity interest in an S corporation, what are the pitfalls?<\/li><li>Under what circumstances is an LLC or partnership entity choice preferred over an S corp?<\/li><\/ul>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>More Tax News<\/strong><\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<a href=\"http:\/\/www.linkedin.com\/company\/201050\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-linkedin-square fa-2x\"><\/i><\/a>\n<a href=\"https:\/\/twitter.com\/taxops\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-twitter-square fa-2x\"><\/i><\/a> <a href=\"https:\/\/taxops.com\/prospects\/connect-with-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"fa fa-envelope-square fa-2x\"><\/i><\/a>\n","protected":false},"excerpt":{"rendered":"<p>Join Allen Gregory and Rick Wagner for a live 90-minute CPE webinar exploring key tax law regulations and developments impacting S Corporations. Wednesday, September 2, 2020 @ 1:00 pm &#8211; 2:50 pm EDT Early registration discount deadline, Friday, August 7, 2020 This webinar will guide tax professionals on critical tax challenges and recent developments for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5016,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[225,229,226],"tags":[300,503,513,569,101,626],"class_list":["post-5015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-state-and-local","category-tax-news","tag-enforcement","tag-managing-audit","tag-negotiate","tag-sales-tax-audit","tag-state-tax","tag-tax-settlement"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2020\/08\/Tax-Issues-for-S-Corps.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/5015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=5015"}],"version-history":[{"count":1,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/5015\/revisions"}],"predecessor-version":[{"id":7036,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/5015\/revisions\/7036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/5016"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=5015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=5015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=5015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}