Trusts as S Corporation Shareholders: Elections, Eligibility, and Avoiding Loss of Subchapter S Status
QSSTs, ESBTs, Grantor Trusts, and Testamentary Trusts
Note: CLE credit is not offered on this program.
A live 110-minute CPE webinar with interactive Q&A
This course will cover types of trusts eligible to hold S Corporation shares, including Qualified Subchapter S Trusts (QSSTs) and Electing Small Business Trusts (ESBTs), making the corresponding QSST and ESBT elections, and avoiding common scenarios where S status is inadvertently terminated when a trust holds shares.
- Trusts as S corporation shareholders: overview
- Trust eligibility
- Practical considerations
- Avoiding inadvertent terminations of S status
The panel will review these and other critical issues:
- General reporting requirements and bifurcated reporting when a QSST or ESBT holds other assets
- Properly filing QSST and ESBT elections
- Eligibility requirements for a QSST and ESBT
- Trust language to avoid jeopardizing S corporation status
John F. DeStefano
Baker & Hostetler
Mr. DeStefano raws on his background in private equity finance and portfolio management at a multibillion-dollar... | Read More
Mr. DeStefano raws on his background in private equity finance and portfolio management at a multibillion-dollar foundation to advise public company executives, emerging growth company founders and private investors across the country on building and sustaining a family legacy over multiple generations.Close
Jana L. Simons, J.D., LL.M. (Tax), CFP®
Meadows Collier Reed Cousins Crouch & Ungerman
Ms. Simons represents individuals and multi-generational families. She primarily focuses on tax planning, drafting... | Read More
Ms. Simons represents individuals and multi-generational families. She primarily focuses on tax planning, drafting complex wills and trusts, implementing wealth preservation strategies, and charitable giving.Close
Christopher C. Weeg, J.D., LL.M., CPA
Comiter Singer Baseman & Braun
Mr. Weeg is an attorney and a CPA with a focus on tax and estate planning. His law practice includes drafting wills and... | Read More
Mr. Weeg is an attorney and a CPA with a focus on tax and estate planning. His law practice includes drafting wills and trusts; advising on income, gift, estate, and GST tax issues; forming business and nonprofit entities; and probating estates. Mr. Weeg is experienced in the preparation of gift and estate tax returns, representation of executors in all phases of estate administration, and creating comprehensive estate plans tailored to meet clients’ personal objectives in a tax efficient manner.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 September 28?
CPE credit is not available on downloads.