PPC's Guide to Tax Planning: Closely-Held Corporations

See also the Business Tax Planning package, which includes the online version of this PPC planning guide.

Based on the lifecycle of forming, operating, and disposing of a closely held corporation, PPC's Tax Planning Guide - Closely Held Corporations  addresses the issues that are encountered when responding to client questions or planning transactions, from forming and operating the corporation to planning a tax-favored reorganization or liquidation.

This Guide addresses the issues that are encountered when responding to client questions or planning and implementing tax saving strategies throughout a corporation's lifecycle. These include:  

• Capitalization: Investment strategies help determine the best ways to fund the corporation to balance contributions of capital or property with debt funding so that new corporations have the money they need to operate and grow.
• Accounting methods and operations: Tax methods allow the corporation to control the timing of income and deductions to minimize the tax burden on the year to year operations of the corporation.
• Avoiding unexpected taxes: The accumulated earnings and personal holding company tax can arise unexpectedly and can be avoided. It is also important to understand the limitations on losses related to the passive activity and at-risk rules, as well as unexpected gains and related tax from distributions and other transactions with shareholders.
• Return investment to shareholders: The Guide provides strategies to compensate shareholders designed to minimize double taxation, maximize capital gain tax rates and the ordinary character of losses.

Written and reviewed by experienced practitioners to provide the practical insights and tax planning tips that only years of practice can provide, the Guide has lots of examples, checklists, tables, worksheets and other tools to enable you and your staff to complete their work in a timely, consistent, and efficient manner. It also includes a Form 1120 roadmap that provides a quick and easy way to identify tax saving strategies for your clients.

• Tax Planning for Closely Held Corporations
  • INTRODUCTORY MATERIAL
  • Chapter 1 Why Incorporate?
  • Chapter 2 Incorporating a Business
  • Chapter 3 Capitalizing a Corporation
  • Chapter 4 Using Multiple Corporations
  • Chapter 5 Selecting Tax Accounting Periods and Methods
  • Chapter 6 Maximizing Tax Benefits from Income and Expenses
  • Chapter 7 Complying with the Passive Activity and At-risk Rules
  • Chapter 8 Reducing Alternative Minimum Tax (AMT)
  • Chapter 9 Avoiding Penalty and Employment Taxes
  • Chapter 10 Corporation and Shareholder Transactions and Issues
  • Chapter 11 Providing Fringe Benefits
  • Chapter 12 Providing Nonqualified Compensation Plans
  • Chapter 13 Providing Qualified Retirement Plans
  • Chapter 14 Handling Nonliquidating Corporate Distributions
  • Chapter 15 Shifting Control
  • Chapter 16 Planning Tax-free Reorganizations
  • Chapter 17 Liquidating the Corporation
  • Chapter 18 ASC 740-10—Accounting for Uncertainty in Income Taxes
  • Appendix A Roadmap to C Corporation Tax Planning
  • INDEX
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• List of Substantive Changes and Additions View