S Corp Distributions: Understanding and Managing the Tax Consequences Webinar

• Gain a practical understanding of how to determine the taxability of distributions for S corporations
• Identify planning opportunities for making tax-efficient distributions
• Explain when an S corporation may prefer to make taxable dividends

• The different tax consequences that may result from an S corporation distribution
• Why a difference exists between the taxability of distributions for C and S corporations
• The general rules for maintaining a shareholder's basis in S corporation stock
• How a shareholder's basis in his S corporation stock impacts the taxability of an S corporation's distributions
• The concept of C corporation earnings and profits and how the existence of E&P may change the consequences of an S corporation's distribution
• When an S corporation's accumulated adjustments account is relevant in determining the taxability of a distribution
• Computing and adjusting the accumulated adjustmentsaccount
• Previously taxed income and the other adjustment account
• Use of post-year-end elections to make tax-efficient distributions