Built-in-Gains Provisions in C-to-S Corp Conversions: Avoiding Double Taxation Through BIG Planning
Pre-Conversion Valuations and Calculations, Identifying Losses to Offset BIG, Using C Corp Attributes to Minimize Tax
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide tax advisers with a comprehensive guide to the pre-conversion planning opportunities available to minimize or avoid built-in gains (BIG) tax in converting existing C corporations to S corps. The panel will discuss identification and valuation of assets subject to BIG tax and will discuss strategies to offset BIG through planning steps prior to the S corp conversion.
- Identifying assets subject to BIG tax in conversion planning process
- Valuation requirements and options
- Projecting BIG tax impact post-conversion
- Transactions during recognition period
- Using C corp attributes to offset BIG tax
- Pre-conversion strategies for minimizing BIG tax
The panel will discuss these and other important questions:
- How to identify assets subject to BIG tax
- Appraisal and valuation requirements and adjustments for all assets, whether on the balance sheet or not
- How to estimate BIG tax liability
- What strategies are available to utilize C corporation attributes to offset BIG tax?
- What strategies can advsers employ to minimize BIG tax impact on assets pre-conversion?
Nicholas P. Hoeft, Esq.
Jostock & Jostock
Mr. Hoeft's practice concentrates in the areas of estate and succession planning, probate, trust and estate... | Read More
Mr. Hoeft's practice concentrates in the areas of estate and succession planning, probate, trust and estate administration, real estate transactions, corporate representation, and taxation issues. He is involved with contract drafting and negotiation for various individuals and entities, complex commercial and residential real estate transactions, as well as an array of business dealings and corporate issues. He is also highly involved in the firm’s estate planning practice and is experienced designing and implementing estate plans for high wealth individuals, closely held businesses and multigenerational families.Close
Eric H. Jostock
Jostock & Jostock
Mr. Jostock focuses his practice on complex wealth planning and corporate representation. He handles... | Read More
Mr. Jostock focuses his practice on complex wealth planning and corporate representation. He handles multimillion dollar commercial and industrial real estate transactions, 1031 exchanges and reverse exchanges, the full gambit of intricate employer-employee relationship matters as well as numerous multimillion dollar mergers, acquisitions and asset purchases for corporate clients. His other main focus is in the area of estate and succession planning, utilizing his estate planning experience and expertise in tax law to advise clients on estate plans designed to minimize tax exposure and maximize multigenerational wealth transfer mechanisms.Close
Paul J. Rozek
Vice President, Tax
Mr. Rozek focuses on tax and estate planning. He assists business owners and their organizations with solutions to... | Read More
Mr. Rozek focuses on tax and estate planning. He assists business owners and their organizations with solutions to efficiently meet their tax compliance obligations. In addition to tax services, he provides wealth planning and management advice to business owners, assisting on both their short-and long-term financial planning with the goal of minimizing tax liability.Close