S Corporations: Key Issues, Compliance, and Tax Strategies

Description

New or existing clients and business need assistance with the most misunderstood areas of S Corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation. This webcast will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about how you can make the S Corporation business model work for them.

Date/Time

Thursday, June 24, 2021
Registration Time: 8:00am
8:00am – 4:00pm

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Course Type

On-line Live Vendors

CPE Credit

8.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Basic

Designed For

Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations

Vendor

AICPA

Prerequisites

none

Advanced Preparation

None

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

Objectives

 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

Location

N/A (This is a webcast)
Member Fee $279.00
Non-Member Fee $339.00
Your Price $339.00
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