Get the knowledge you need to speak effectively to new and current clients about how you can make the S Corporation business model work for them. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why business taxpayers favor the pass-through entity over the C Corporation. Discuss the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.
DESIGNED FOR
Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations.
BENEFITS
- Recall the advantages of electing S Corporation status
- Identify the requirements to qualify for an S Election
- Recognize individuals and entities that are eligible to own S Corporation stock
- Recall how to make a proper S Corporation election
- Recall how income or loss passes through the S Corporation to the shareholders
- Recognize the complex rules of distributions
- Recognize active and passive income and determine material participation
- Recall key points related to the Section 179 deduction
HIGHLIGHTS
- S Corporation qualifications
- Election of S Corporation status
- Termination or revocation of S Corporation status
- Pass-through of income and loss items to the shareholder
- Distributions to S Corporation shareholders
- Reporting and filing requirements
- Choice of year-end
- Shareholder basis
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.