Advanced Tax Planning S Corporations - Tax Staff Essentials

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 10.50
  • Credit Type(s)
    • Taxes (Technical) (10.50)
  • Prerequisites
    • Completion of AICPA's course S Corporations: Key Issues, Compliance, and Tax Strategies or equivalent knowledge and experience

  • Vendor
    • AICPA
  • Level
    • Advanced
  • Fields of Study
    • Taxes
  • Message
    • When & Where You Want


Gain technical knowledge and expertise to respond to the needs of new and existing clients with S corporations.

Designed For

  • Managers and partners in public accounting firms
  • CPA sole proprietors specializing in taxation of S corporations
  • Tax planning professionals


  • Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
  • Calculate gain and loss on the distribution of property and apply the rules for cash distributions.
  • Identify the distribution ordering rules when an S corporation has accumulated earnings and profits (AE&P).
  • Identify the rules concerning fringe benefits received by S corporation shareholder-employees.
  • Apply the rules relating to qualified subchapter S subsidiaries (QSubs).
  • Apply the corporate reorganization rules to S corporations and identify the rules relating to the liquidation of an S corporation.
  • Calculate the Section 199A deduction and subdivide activities into SSTBs and non-SSTBs.
  • Determine whether an S corporation is the optimal entity based upon a given set of facts and circumstances.


  • Basis in S corporation stock
  • Distributions
  • Compensation planning
  • Qualified subchapter S subsidiaries
  • Liquidations, reorganizations, and redemptions
  • Estate planning and the use of trusts
  • Section 199A

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