Converting From S Corp to C Corp: Final 1371(f) Regulations, Favorable Treatment of PTTP Distributions
A live 110-minute CPE webinar with interactive Q&A
This course will provide tax advisers and compliance professionals with a thorough exploration of the potential tax benefits and hazards of revoking S elections and converting entities to C corporations. The panel will offer tools and strategies to maximize the tax and operational advantages of making an S to C corp election. The panel will discuss steps to lower the tax cost of distributions and outline alternatives to revoking the S election.
- Incentives in new tax law to consider revocation of S corp election
- Types of business operations that may benefit from S corp revocation
- Final 1371(f) regulations
- Favorable treatment of distributions from "eligible terminated S corporation" during a post-termination transition period
- Reasons to not revoke S corp status
- Timing considerations
The panel will review these and other critical matters:
- Businesses that derive tax benefits from revoking S corporation elections and electing to be taxed as a C corporation
- The mechanics of distributions for eligible terminated S corporations during the PTTP
- How final Section 1371 regulations affect distributions made during the post-termination transition period
- Reasons not to revoke S corp status
John T. Alfonsi, CPA
Cendrowski Corporate Advisors
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience.... | Read More
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience. In the tax planning and consulting arena, he works primarily with partnerships and with private equity, venture capital and hedge funds.Close
Marcus E. Dyer, CPA, JD
Team Leader of Tax Controversy
Mr. Dyer manages and reviews all aspects of federal and state tax compliance for C-corporation, S corporation and... | Read More
Mr. Dyer manages and reviews all aspects of federal and state tax compliance for C-corporation, S corporation and partnership returns, including consolidated C-corporation returns. He advises businesses on a wide array of tax matters including but not limited to reorganizations and employee benefits. He manages and reviews all aspects of the preparation of high net worth individual returns and conducts tax research on federal and state tax issues. He also handles tax controversies, including at the examination, appeals and collections stages.Close
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.
Cannot Attend May 1?
CPE credit is not available on downloads.