This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often-overlooked fringe benefits, retirement planning opportunities, corporate business deductions, income-splitting possibilities, and little-known estate planning techniques.

The program covers step-by-step tax procedures for forming, operating, and ultimately disposing of a closely held corporation. The distinctions between S and C corporations will be explained, and guidelines for client direction will be provided.