S Corporations in 2024 and Beyond: How to Maximize Tax Benefits Under Subchapter S  

The 2017 Tax Act changed the landscape of US federal income taxation, both for individuals and business entities. In the case of S Corporations, the changes (and improvements!) included a modest reduction in individual tax rates and a meaningful broadening of individual tax brackets (so that the tax rates are both lower and take effect at higher levels of taxable income) and also introduced the Qualified Business Income (“QBI”) Deduction. The QBI deduction allows individual S Corporation shareholders to exclude as much as 20% of S Corporation income from their individual returns, lowering their tax bills by at least 20% (and in some cases closer to 23-25%).

The QBI Deduction is the most important recent development for S Corporations, but there are other important changes to discuss as well. This webinar will explore the very interesting and challenging tradeoffs in a “Choice of Entity” decision, whether to retain S Corporation status, elect S Corporation status and/or convert to C Corporation status, the impact of business interest limitations, and a host of other important issues. Best of all, this webinar will provide an in-depth and clear explanation of how the very complicated QBI rules apply to S Corporations, and how to develop strategies that maximize the QBI Deduction and significantly reduce income taxes for S Corporation shareholders.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

Instructor: Joseph Darby III, Esq.
Instructor assignments are fluid and subject to change.