Product Details

• Actors: Thomas Manolakas
• Format: AC-3, Color, Digital Sound, Dolby, NTSC
• Region: Region 1 (U.S. and Canada only. Read more about DVD formats.)
  
• Number of discs: 1
• DVD Release Date: November 3, 2002
• Run Time: 280 minutes
• ASIN: B00008VKMV
• Amazon Best Sellers Rank: #541,362 in Movies & TV (See Top 100 in Movies & TV)

Editorial Reviews

From the Actor

VI. PASS-THROUGH INCOME
Conduit Tax System
Net Operating Loss Deduction
Allocation of Income on Change of Ownership
Loss Limitation
Shareholders Loans
Passive Activity Losses
Losses After Termination
At Risk Limits
Transfer of Stock to Family Members
Compensation and FICA Taxes
Reasonable Salary
Restricted Section 83 Stock
No Double Taxation
VII. DISTRIBUTIONS
No Earnings and Profits ( E&P)
With Earnings and Profits (E&P)
Accumulated Adjustments Account
Review: With and Without E & P
Post-Termination Transition Period
VIII. LOAN REPAYMENTS
IX. TAXABLE YEAR OF CORPORATION
Natural Business Year
Election of Taxable Year 444 Election
X. SELECTED TOPICS IN DEPTH
Subchapter C and Subchapter S Interface
Treatment of Fringe Benefits
Interest Deductions
Interest Deductions for Loans Intended as Distributions
Borrowing to Buy S Corporation Stock
Self-Charged Expenses
Cancelled Debt Income
Section 179 – First Year Expense
Stock Sale - Gain / Loss Character

Allocated Income between Buyer and Seller
Bequest of S Corporation Stock
Shareholder’s Unused Losses upon Stock Disposition
Redemption
Redemptions and S Corporations
Stock Purchase Treated as Asset Acquisition

Product Description

Tax Seminar on pass-through entities, focusing on federal taxation of Subchapter S Corporations, with Thomas Manolakas, one of the most renowned experts in the field. Both an attorney and a CPA, Mr. Manolakas is the author of six nationally distributed books on taxation. He is widely regarded for his expertise in federal taxation issues, in particular S Corporations, Partnerships, LLCs and Real Estate. Mr. Manolakas has been teaching tax-related continuing education to lawyers and CPAs across the nation for more than two decades. This first DVD in the "Tax Talk Live Series", contains 65 DVD menu items, which allow the viewer to instantly access any segment of the five-hour presentation.

TABLE OF CONTENTS
I. OVERVIEW
Advantages: C Corps over S Corps, S Corps over C Corps, S Corps over Partnerships / LLCs Partnerships / LLCs over S Corps
Audit Risks for S Corporations
II. ELIGIBILITY
Small Business Corporation
Affiliated Corporations
Number of Shareholders
One Class of Stock Limitation
Straight Debt Safe Harbor
Eligible Shareholders: Grantor Trusts, Testamentary Trusts
Estate Planning
Eligible Shareholders / Estate Planning: Qualified Subchapter S Trust,
Small Business Trusts
Eligible Shareholders: Tax-Exempt Entities / ESOPS
III. ELECTION
Statutory Requirements
Late Election
IV. TERMINATION
Revocation
Passive Investment Income Restriction
Passive Gross Receipts, Passive Rent
Managing the Problem
Inadvertent Termination
V. TAXES IMPOSED ON THE S CORPORATION
Built-In Gains Tax: Example of Built-In Gain Rules, Taxable Income Limitation
Practice and Planning
Excess Passive Investment Income