This is part two of a two course sequence on S corporation taxation. In this course, we will review how to compute the S corporation stock basis based on the activities of the S corporation. The tax consequences of dispositions of S corporation stock will be discussed. Various tax planning strategies for S corporations and their owners will be outlined and how they apply in the S corporation lifecycle.
Calculate a shareholder’s basis in S corporation stock.
Explain the various ways a shareholder may dispose of S corporation stock.
Calculate the tax consequences of disposing of S corporation stock.
Describe ways a S corporation shareholder can minimize tax during the life of the S corporation.