Meeting/Event Information

Converting a C Corporation to a S Corporation 

Michael R. Miranda CPA, QKA, NQPC, AEP

Date and Time: Wednesday, November 6, 2024 – 3:30 pm EST 

This course has been approved for two (2) hours of IRS Federal Tax Law/Federal Tax-Related Matters CE.

Learning Objectives:

Review the eligibility requirements for a corporation to elect to be taxed under Subchapter S.

Calculate Accumulated Earnings & Profits (AEP), and when it becomes relevant to an S corporation.

Learn about planning opportunities for tax elections to distributions regarding accumulated earnings and profits.

Become familiar with the Built-in Gains Tax as it applies to an S corporation.

Master the preparation of Schedule M-2 on Form 1120S.

Become aware of the problem of the passive investment income tax for an S corporation. 

This program explores how a C corporation for Federal tax purposes can choose to be treated as an S corporation. Among the issues discussed will be the requirements that must be met to do so, as well as the specific issues that remain with an S Corporation after the election has been made. Specific attention will be paid to the real-world application of the code to decision with several examples used to demonstrate the process.