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Advanced S Corps: Qualified Subchapter S Subsidiaries (QSubs)

 

 

Course Year: 2013
Course Level: Advanced
Prerequisite: Intermediate knowledge of S corporation taxation
Advance Preparation: None
Delivery Method: Self-Study

Note: This course is also included in the Advanced S Corporations course .

CPE Credits Designation Field of Study
IRS * 1 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 1 CRTP Federal Tax Law Topic
CFP Board 0 CFP® N/A

 

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

 

Fees: $30 for Members and $40 for Nonmembers

Summary

Whether or not your S corporation should make a QSub election for a wholly owned subsidiary is a big decision. Be sure you are informed so you can best advise your clients on the QSub election. You will learn the tax ramifications and mechanics of making such an election.

Objectives
Upon completion of this course, the tax professional will be able to:

  • Determine eligibility for the QSub election.
  • Complete Form 8869, Qualified Subchapter S Subsidiary Election.
  • Explain timing of deemed liquidations of subsidiary corporations.
  • Identify for which purposes a subsidiary is treated as a separate entity from the parent corporation.
  • Identify potential built-in gains (BIG) tax implications following a QSub election.

For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Services Department at 800.558.3402, ext. 3.

CPE Sponsor Information

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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