January 30, 2023


2 Total CPE Credits


Webinar (CA): S Corporations: Built-in Gain Tax

  • Instructor

    John McWilliams

Learning Objectives

• Identify when the built-in gain tax could apply.

• Calculate the built-in gain tax including the application of three “limitations.”

• Recognize the nature of the built-in gain tax, “current mandatory double taxation.”

• Recognize tax planning techniques to minimize or eliminate the built-in gain tax.

Major Topics

• Identification of facts that could cause the imposition of the built-in gain tax

• The calculation of the tax on “net recognized built-in gain” during the “recognition period”

• The meaning of “current mandatory double tax”

• The aggregate limitation based on “net unrealized built-in gain”

• The limitation based on the “gain” that existed at conversion

• The importance of valuation analysis at conversion

• The taxable income limitation

• Using existing corporate net operating losses and tax credits

• Tax planning ideas and strategies to minimize or avoid the tax on the built-in gain

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Overview


Understanding the basics of the taxation of individuals, corporations, S corporations and partnerships.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs and attorneys.


California CPA Education Foundation

This event has ended.