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Advanced Critical Tax Issues for S Corporations (Z1-ACTS-2022-01-SSDL)

500 Minutes
On demand - Audio

On Demand - Audio

10 CPE Credits in TX

OVERVIEW

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.

DESIGNED FOR

All practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications.

BENEFITS

  • Final regulations on “eligible terminated S corporations” (ETSCs)
  • Cases, rulings, and tax law changes affecting S corporations
  • Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues, including IRS efforts to address underreporing of S corporation officer compensation
  • Use of redemptions: still some advantages
  • Planning for the liquidation of an S corporation
  • Tax issues for family ownership of S corporation stock
  • Impact of the tax on net investment income on sales of S corporation stock
  • Stock basis: Loss limitations, AAA, and distribution issues in depth
  • Debt basis: what the regulations on back-to-back loans mean to investors
  • Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance
  • Built-in gains: the 5-year recognition period
  • S corporation structuring: one class of stock
  • Methods of accounting
  • Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates

HIGHLIGHTS

  • Understand how stock basis, AAA, and other limitations are determined
  • Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule
  • Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions

COURSE LEVEL

Advanced

PREREQUISITES

A basic course in S corporations; some experience in advising S corporations and their shareholders

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • This seminar qualifies for CFP credit.
  • This seminar qualifies for IRS credit.
Please call Surgent Help, 800-778-7436, if you need a EA/IRS or CFP CPE Certificate.

PRICING

$189.00 - Member

$209.00 - Nonmember

ADDITIONAL OPTIONS

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Print a registration form

COURSE DEVELOPER

Surgent

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