The ABA Tax Section is offering a teleconference and webcast today on Redemptions and Purchases of S Corporation Stock from 1:00 – 2:30 p.m. EST:

A discussion of the tax consequences of redemptions and purchases of S corporation stock to the redeemed or selling shareholder, the Corporation or buying shareholder and the remaining shareholders, with special emphasis on the effect an election to close the books can have on the various parties, as well as other planning opportunities and pitfalls, and a comparison with the rules applicable to C corporations and partnerships.

Faculty:

• Stephen R. Looney (Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth, Orlando, FL)
• Ronald A. Levitt (Sirote & Permutt, Birmingham, AL)
• Kevin D. Anderson (National Tax Office, Deloitte, Washington, DC.; Adjunct Professor, Georgetown)