Chapter 24: Planning for S Corporations and Partnerships

In this section

• Built-In Gains and Planning for Asset Dispositions
  Discover key strategies to reduce or defer built-in gains tax for S corporations transitioning from C status, including recognition period rules, valuation considerations, and advanced tax planning techniques.
• Timing of Income and Elections to Optimize Tax Benefits
  Explore strategic timing of income, short tax year elections, and accounting method opportunities for S Corporations and Partnerships, enhanced by forecasting scenarios to optimize tax benefits.
• Shifting Income and Maximizing Basis Recovery
  Discover effective strategies to allocate partnership or S corporation income through guaranteed payments, special allocations, and thoughtful ownership changes, while ensuring optimal basis recovery for tax benefits.
• Partner and Shareholder Loans; Strategic Structuring
  Discover how partner and shareholder loans can enhance basis planning, overcome at-risk limitations, and optimize tax positions in S corporations and partnerships.