S Corporations Owning Multiple Entities: Mastering Tax Reporting and Planning Opportunities
Reconciling Intracompany Transfers, Utilizing S Corp Parent-Sub Structures, Allocating Income Using LLCs
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers with a practical guide to the planning and reporting issues and opportunities that arise when an S corporation owns multiple entities under common control. The panel will discuss the ramifications of an S corporation owning more than one LLC or partnership, as well as S corporations operating in tandem to hold multiple entities. The event will detail the specific reporting requirements of these arrangements, including reconciliation of intracompany transfers. It will offer guidance as to the tax impact of various multi-entity structures under an S corporation umbrella.
Outline
- Types of multiple structures under S corporation umbrella to compartmentalize business units
- Holding/operating company structure
- Multi-tier structures
- 199A and multi-tier holdings
- Selling a QSub
- When subsidiary partnerships need to file tax returns
Benefits
The panel will review these and other important issues:
- S corps having holding companies for LLCs and partnerships
- Considerations when selling a QSub
- Merger and acquisition issues involving S corporations acquiring other S corps
- Impact of Section 199A on multi-tier holdings
Faculty
Professor Robert W. Jamison, CPA
Professor Emeritus of Accounting
Indiana University
Mr. Jamison is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His... | Read More
Mr. Jamison is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His principal area of specialization is S Corporations. He is the sole author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass-Through Entities, both of which are published annually by CCH, a Wolters Kluwer business. He is a regular contributor to Land Grant University Tax Education Foundation, Inc. National Income Tax Workbook and has contributed to Federal Tax Workshop. He presents advanced and update S Corporation seminars for various states' CPA societies and to other professional organizations. He is a member of the AICPA S Corporation Technical Resource Panel. He consults on S corporation and other business entity problems and has secured letter rulings from the IRS.
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Jason Watson, CPA
Founding Partner
WCG
Mr. Watson advises small business owners in creating a map for the future. His focus is on S corporations,... | Read More
Mr. Watson advises small business owners in creating a map for the future. His focus is on S corporations, self-employment taxes, health insurance issues and retirement planning. He is a published author on tax issues for S corporations and LLCs, Taxpayer’s Comprehensive Guide to LLCs and S Corps.
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