In this live zoom video conference students will learn about the built-in gains tax including case law developments; a discussion of section 1375 and final regulations on the definition of passive investment income for purposes of SS 1375 and 1362(d)(3); a permanent five calendar year waiting period for built-in gains; a possible 20% deduction for qualified business income for S shareholders; no/low wages from S corporations for payroll and Section 199A purposes and more. After completing this program, participants will be able to identify opportunities for tax savings by avoiding taxes at the S corporation level.. This program is group discussion friendly, and questions are encouraged! Ideal for CPAs, EAs, Attorneys, and CPFs.