Special Problems of S Corporations & No/Low Wages After TCJA

Description:

Special Problems of S Corporations & No/Low Wages After TCJA is a 1-day seminar (8 credits) led by Lucien Gauthier, Esq., LL.M., CPA.

Highlights:

  • Analysis of the built-in gains tax (at a 21% rate) including case law developments;
  • Review of final regulations on the definition of passive investment income for purposes of SS 1375 and 1362(d)(3);
  • Highlights of recent tax legislation regarding S corporations including a permanent five calendar year waiting period for built-in gains and a possible 20% deduction for qualified business income for S shareholders
  •  No/low wages from S corporations and potential problems under S 199A
  •  Reimbursement of home office expenses of employee-shareholders
  •  Reconsideration of C vs. S in light of TCJA
  •  Review of issues raised by IRS in recent audits of S corporations by SB/SE and LB&I AND MORE... 


 

Objectives:

Provide tax practitioners with knowledge to evaluate and advise clients about optimum tax/legal structure within context of TCJA
 

Prerequisites:

Basic knowledge of federal and state tax reporting.

Notes:

Lunch will not be provided for this event.

Category:

TX

Credits:

8

Members

Standard Fee: $260.00

Non-Members

Standard Fee: $260.00

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Vendor:

Boston Tax Institute, Ltd.

Location:

Fireside Inn & Suites
81 Riverside Street
Portland, ME 04103
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Start:

September 19, 2019 8:30am

End:

September 19, 2019 4:30pm

Check-in starts at 8:00am

Leader:

Gauthier, Lucien P.

Lucien P. Gauthier, Esq., LL.M., CPA: Boston University Collage of Business Administration (B.S. in B.A.); Boston University School of Law (Juris Doctor and Master of Laws Degrees in Taxation); George Washington National Law Center (Master of Laws); Formerly an Adjunct Assistant Profession in the Bentley College Graduate Tax Program; Tax Attorney in private practice for 50 years in the Boston area.

Designed For:

Tax practitioners advising clients in Maine and beyond.

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