This program explores how a partnership for Federal tax purposes can choose to be treated as an S-Corporation for Federal tax purposes. Among the issues discussed will be the compliance aspects of each step of the process as well as the consequences of the decision. Specific attention will be paid to the real-world application of the code to decision with several examples used to demonstrate the process.
*Self-Study recording not available for NASBA CPE credit.
IRS Program #: 7Q3WU-
CTEC Course #: 6248-CE-
When?
Thursday, June 5, 2025 · 1:00 p.m.
Eastern Time (US & Canada)
Duration: 2 hours
Price
$79.00
Language
English
Who can attend
Everyone
Dial-in available? (listen only)
Not available.
Agenda
Determine when a partnership for tax purposes can be converted and classified as an S-corporation
Walk through the process of “dissolving” the partnership and “forming” the S-corp
Apply the rules for distributing assets and liabilities of a partnership to a partner
Apply the rules for contributing assets and liabilities of a shareholder to a corporation
Compare and contrast the various methods prescribed by the IRS for performing the conversion
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David Woods, EA, USTCP
Enrolled Agent, Admitted to United States Tax Court
Nearly 25 years tax preparation experience
Graduate of Northeastern University with a master's degree in taxation
Specializes in individual, partnership, corporate,...