Advanced S Corps: Trusts as S Corporation Shareholders



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 * 2 EA Federal Tax Law Topic
CTEC 2 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: $46 for Members and $56 for Nonmembers


Only certain trusts are eligible to hold S corporation stock. Learn which trusts are eligible, and the special rules and tax ramifications that apply to each. We will focus mainly on Qualified Subchapter S trusts (QSSTs) and electing small business trusts (ESBTs). Be prepared when your client establishes a trust to which he or she wishes to transfer S corporation stock.

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

  • Identify trusts eligible to be S corporation shareholders.
  • Identify scenarios where it is beneficial to have a trust own S corporation stock.
  • Elect for a QSST and ESBT to be treated as an eligible S corporation shareholder.
  • Implement relief for a late or missed QSST or ESBT 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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