Date: 5/21/2025
Time: 12:00 PM - 4:00 PM EST
CPE Credit: 4 hours

This 4-hour webcast is designed to define and elaborate on the various unique and not-so-unique aspects of the closely held corporation.

Topics Covered

• Overview
• Definition of the closely held corporation
• Comparison of the closely hold corporation with what tend to be larger corporations
• Formation
• Trading of shares of stock in private corporations
• Restrictions on ownership
• Characteristics of closely held corporations
• Benefits and drawbacks of the closely held corporation
• Passive activity rules
• Valuation of the company and business succession planning
• Corporation tax returns (1120 and 1120S 
• Buy-sell arrangements
• Reasonable/unreasonable compensation
• Reasonable/unreasonable retained earnings
• Below market interest rate loans and IRC §7872
• Various other information

Learning Objectives:

• Provide the tax practitioner with whys and wherefores of the closely held corporation
• Provide the tax practitioner with differences between tax issues with respect to the closely held corporation