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
A live 110-minute CPE webinar with interactive 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 corp owns multiple entities under common control. The panel will discuss the ramifications of an S corp owning more than one LLC or partnership, as well as S corps operating in tandem to hold multiple entities. The event will detail the specific reporting requirements of these types of arrangements, including reconciliation of intracompany transfers, and will offer guidance as to the tax impact of various multi-entity structures under an S corp umbrella.
Outline
- Types of multiple structures under S corp umbrella to compartmentalize business units
- Holding/operating company structure
- Parent/child corporate structure
- Tracking and reporting intracompany transfers
- 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
- Creating a reconciliation worksheet for multiple entities reporting up to an S corp
- Merger and acquisition issues involving S corporations acquiring other S corps
- Reporting issues for multiple business structures
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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Kevin J. Walsh, CPA, CGMA
Director/Vice-President
Walsh, Kelliher & Sharp, CPAs
Mr. Walsh special interest is in advising the owners of closely-held businesses. This interest has led to experience... | Read More
Mr. Walsh special interest is in advising the owners of closely-held businesses. This interest has led to experience and expertise in assisting closely-held business owners at every stage in the lifecycle of a business—from formation, strategic planning, expansion through acquisitions and mergers, as well as succession and transition planning, including business sales, redemptions and liquidations.
CloseEarly Discount (through 04/11/25)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
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NASBA details.
Cannot Attend May 6?
Early Discount (through 04/11/25)
CPE credit is not available on downloads.
CPE On-Demand