Details

This course focuses on the federal income tax treatment of corporations governed by subchapter S of the Internal Revenue Code. Areas covered include: eligible shareholders, S election mechanics and other qualification requirements; shareholder-level taxation of corporate income, losses and distributions; use of shareholder debt; corporate-level taxation of certain prior "C" corporations; qualified "S" subsidiaries; termination of S status; acquisitions and reorganizations involving S corporations; shareholder agreements; and interface with sub-chapter C and other tax regimes.