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EST2306
Tax Issues That Arise When a Shareholder or Partner Dies
Date
June 5, 2023
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: Advanced Estate Planning (as part of AICPA & CIMA ENGAGE 2023)
This includes sessions from AICPA & CIMA ENGAGE 2023:
When an owner of a passthrough entity dies, certain tax implications may arise on both the individual and entity level. This presentation examines the various federal income tax issues to be mindful of in these circumstances. The discussion first focuses on the effect of a partner's death on a Subchapter K partnership, then examines the consequences of a shareholder's death on a Subchapter S corporation, and finally looks at the tax effects of death for the individual owner and the owner's estate and/or trust.
Learning Objectives
- Recognize required actions before and after the death of an owner
- Identify planning opportunities for owners of S Corporations & Partnerships
- Understand the factors that determine material participation for a trust or estate
Speakers
Partner, RSM US LLP
Senior Tax Manager, RSM US LLP
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