Converting From S Corp to C Corp: Recent Proposed 1371(f) Regulations, Favorable Treatment of PTTP Distributions
Recording of a 110-minute CPE webinar with Q&A
This webinar 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.
Outline
- Incentives in new tax law to consider revocation of S corp election
- Types of business operations that may benefit from S corp revocation
- Proposed 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
Benefits
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
- The impact of 2017 tax law reform on startup companies and incentives for startups to incorporate under Chapter C
Faculty

Marcus E. Dyer, CPA, JD
Team Leader of Tax Controversy
WithumSmith+Brown
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.
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Matthew King
Corporate Tax Director
Grant Thornton
Mr. King has over 14 years of public accounting experience. He has extensive experience providing tax planning and... | Read More
Mr. King has over 14 years of public accounting experience. He has extensive experience providing tax planning and consulting to the firm's high net worth clients for estate, wills and trusts taxation, and individual income taxes. Additionally, Mr. King has vast experience in the areas of corporate taxation, including C corporations, S corporations, partnerships, consolidated groups, state and local taxation, and international taxation, with a focus on privately held businesses and their owners. His assignments have included clients in retail, manufacturing, distribution, financial services, and private equity industries.
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Garrett Van Houtteghem
Manager, Tax Reporting and Advisory Services
Grant Thornton
Mr. Van Houtteghem specializes in corporate tax compliance and income tax accounting. He has extensive tax experience... | Read More
Mr. Van Houtteghem specializes in corporate tax compliance and income tax accounting. He has extensive tax experience with ASC 740 Accounting for Income Taxes. Mr. Van Houtteghem’s experience includes preparing and auditing quarterly and annual income tax provisions, accounting for and documenting uncertain tax positions, testing internal controls related to tax processes, and implementing tax provision automation software. He also has expertise providing tax compliance and consulting services for public and private companies. Mr. Van Houtteghem’s experience spans a variety of industries, including retail, distribution, transportation, manufacturing, technology services, and private equity.
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