In this Zoom live video conference, participants will learn a detailed the statute, regulations, and case law involving unreasonably high compensation paid by a C corporation and the statute, regulations, and case law involving the accumulated earnings tax. Possible conversion from C corporation to S corporation also will be discussed as a way of side-stepping these 2 highly contentious tax issues as well as the possibility of remaining a C corporation in order to obtain a 100% exclusion for the gain on sale pursuant to section 1202. After completing this program, participants will be able to identify and discuss the two major risks of operating as a C corporation. This program is ideal for CPAs, EAs, CFPs, and financial practitioners.
