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Expert Tax Practitioners Review S Corporation Opportunities, Developments, and Legislative Outlook in new BNA Audioconference

NEWS RELEASE

Contacts:
Mark Carrington
(703) 341.5880
mcarrington@bna.com

Arlington, Va. (March 17, 2009) – What opportunities have arisen for S corporations in the recent economic stimulus package? What future opportunities or risks can S corporations and their shareholders expect from Congress and the Obama administration?

Two experts with Deloitte Tax LLP – partner Jim Calzaretta (Washington National Tax office) and senior manager Bart Massey (Tax Policy Group) – will offer their seasoned insights in a 60-90 minute BNA Tax & Accounting audiconference on March 30, 2009, starting at 1:00 pm.  At the heart of their presentation will be a discussion of current developments for S corporations, changes enacted as part of the American Recovery and Reinvestment Act of 2009 (ARRA), and the upcoming legislative agenda.

“Now S Corporations—the most common form of business entity—are more flexible than ever,” said BNA tax analyst Allen Calhoun. “ The window is open; temporary relief from the built-in gains tax, second-class-of-stock restriction, cancellation of debt income, limited carryback of NOLs, and other initiatives currently provide enormous planning opportunities for today’s businesses,”  he added.

The presentation will cover:

• Recent changes enacted by the ARRA that affect treatment of built-in gains, cancellation of indebtedness, net operating losses, and depreciation;
• How FIN 48 applies to S corporations;
• Issues such as extension of COBRA benefits and the Making Work Pay credit that affect payroll management
• Recently enacted AMT relief and future proposed tax increases that could affect S corporation shareholders

To register for this audioconference and obtain further information about CLE and CPE credits, go to: http://tmstore.bna.com/Pagemanager.aspx?pageId=8287, or call 1-800-372-1033, menu Option 6, then Option 1. The fee is $249 for BNA subscribers, $295 for nonsubscribers.

To receive automatic, email notification of upcoming BNA audioconferences that may be of interest to you, go to: http://www.bna.com/emailsignup.htm

About BNA Tax & Accounting Audioconferences
Designed for today's busy practitioners, BNA Tax & Accounting audioconferences offer the same expertise and relevance that are the hallmark of BNA Tax Management resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area -- and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits - all from the convenience of their own office or conference room.

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BNA is the leading independent publisher of print and electronic news and information for professionals in business and government. BNA produces more than 300 news services, including the highly respected Daily Labor Report, U.S. Law Week,and Daily Report for Executives. Visit BNA online at www.bna.com