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S Corporations' Converting to C Corporation (4173334B)

Date:Monday, December 18, 2017
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: John G. McWilliams
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$60.00 FICPA Members, $90.00 Non-Members


Electing S corporations may find it desirable or necessary to terminate the S corporation election converting to a "C corporation. This course considers situations when such a conversion is desirable. Tax planning opportunities and complications at conversion are identified and discussed. Limitations on re-electing S corporation status are discussed and evaluated. Recent and/or pending legislation will be considered.

  • Discuss and analyze situations where terminating an S corporation election could be desirable.
  • Consider common situations where S election may involuntarily terminate.
  • Understand the process and tax planning opportunities related to a voluntary revocation.
  • Evaluate complication related to mid-year termination of S corporation status.
  • Discuss and evaluate limitations on re-electing S corporation status.
  • Consider recent and proposed legislation which could affect the decision to terminate the S corporation election

Major Topics:
  • Reasons to terminate an S corporation election
  • Involuntary terminations
  • Voluntary revocations the process and the consequences
  • Tax planning opportunities related to termination of S corporation status
  • Complications arising from a mid-year termination
  • Limitations on re-electing S corporation status
  • Recent or proposed legislation affecting decision to terminate the S corporation election

Who Should Attend:

CPAs and attorneys with at least two years of experience advising privately owned businesses.

Understanding the basics of taxation of corporations, S corporations and partnerships.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.