Description
Tax advisors face an ongoing challenge to mitigate double taxation on corporate shareholder profits. In the realm of reasonable compensation, successful C corporations often encounter scrutiny regarding the amounts reported as deductible compensation and bonuses. Employee shareholders of S corporations also face similar issues, particularly in the context of mitigating the imputation of higher compensation.
This practical webcast will explore best practices and recent case studies on dual taxation to help attorneys and advisors navigate these challenges and more for their clients. Join us for this in-depth presentation by renowned tax authority Jerald David August.
Essential for tax advisors who aim to stay ahead of corporate taxation complexities and look for the most effective tax mitigation strategies, this must-attend webcast covers how handle reasonable or deferred compensation, interest on shareholder loans, and rents paid to shareholders for optimal tax outcomes. Presentation time will also be devoted to distributions from operations or in redemption of stock, highlighting the obstacles in achieving a non-taxable recovery of basis or long-term capital gain. Special attention will be given to the basis rules and limitations for shareholders in S corporations.
By the end of this session, you will have a comprehensive understanding of:
- Strategies to minimize double taxation for C corporation profits
- Best practices for determining and defending reasonable compensation
- Techniques to manage compensation levels for S corporation shareholders to reduce payroll tax imputation
- Approaches to optimize non-taxable recovery of basis and achieve favorable capital gains treatment
This webcast will benefit tax practitioners and advisors, as well business attorneys who advise S and C corporations on operations and tax planning matters.