Skip Page Banner  
Skip Navigation
Skip Main Content

Electing Small Business Trusts

$40.00
Register
CPE: 1.5    CLE: N/A

Course Description: This course is designed to facilitate your understanding of the use of electing small business trusts (ESBTs) as shareholders of an S corporation 

 Course Level: Intermediate 

 Course Prerequisites: None 

 Delivery Method: Self-study

At the end of this course, you will be able to: 

  • Describe the qualifications for an ESBT; 
  • Define “beneficiary” as that term relates to ESBTs; 
  • Understand the rules and restrictions regarding distributee trusts; 
  • List the information required in an ESBT election; 
  • Understand the options available for making a late ESBT election; 
  • Identify the requirement for revoking an ESBT election; 
  • Describe the basic tax implications associated with ESBTs; 
  • Understand how to allocate gain from the sale of S corporation stock by an ESBT; 
  • Describe the consequences of charitable contributions made by an ESBT; and
  • Identify the tax results when an ESBT terminates.

CPE

1.5

CLE

N/A