Surgent's S Corporation Taxation: Advanced Issues
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.
11/2/2021 8am - 11:30am | Online | Surgent
$139.00
CPE Categories: Taxation (4 CPE)
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Target Audience
CPAs whose practices include S corporations and their shareholdersCourse Objectives
- 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
- Be familiar with the results of the case studies that reinforce key learning points
Subjects
- 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
- Tax Cuts and Jobs Act of 2017
Prerequisites
Experience in S corporation tax return preparation