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S Corporation Taxation: Advanced Issues (Z1-SCA4-2021-01-SSWC)

200 Minutes
On demand - Video

On Demand - Video

4 CPE Credits in TX

OVERVIEW

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.

DESIGNED FOR

Accounting and Financial Professionals whose practices include S corporations and their shareholders

BENEFITS

  • Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
  • Describe corporate level taxes
  • Describe the rules governing the redemption and liquidation of an S corporation
  • Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation
  • Be familiar with the results of the case studies that reinforce key learning points

HIGHLIGHTS

  • Detailed rules governing basis in the shareholder’s debt and stock
  • AAA
  • Built-in gains incurred from the sale of assets
  • Redemptions and liquidations
  • Compensation planning for shareholders, including planning strategies under the SECURE Act
  • Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable

COURSE LEVEL

Advanced

PREREQUISITES

Experience in S corporation tax return preparation

ADVANCE PREPARATION

None

PRICING

$129.00 - Member

$149.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

ALSO AVAILABLE

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

ALSO QUALIFIES FOR

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