Description:

This book is for preparing 2025 taxes. Stock ownership in an S corporation may change during the year if shares of stock are transferred. This typically occurs when shareholders sell or gift their stock to another party. However, it also happens after the death of a shareholder or when the S corporation redeems stock from one of its shareholders. It’s important tax professionals understand how to report a change in stock ownership, allocate pass-through items for the year of change, and assess the potential tax implications for both the S corporation and its shareholders. This course analyzes the tax consequences when stock ownership in an S corporation changes.

• Explaining how shareholders are taxed on the sale of their S corporation stock
  
• Summarizing the tax consequences of an S corporation stock redemption
  
• Explaining how S corporations allocate pass-through items when stock ownership changes
  
• Recognizing when a change in stock ownership inadvertently terminates the S election
  

Product Details:

Item Number: 25383

Level: Intermediate

Authors: NATP Staff

Published: 2025

Format: Print

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2025 course