S Corporation Fundamentals

Description

This webcast is a comprehensive introduction to the nature of S Corporations and how they are treated for income tax purposes. We will examine some of the advantages and disadvantages of incorporation and then go through the requirements for electing to be an S Corporation. We will also review the rules for operating an S Corporation.

Date/Time

Thursday, November 8, 2018
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

Vendor

AICPA

Advanced Preparation

None

Highlights

 Qualifications of S Corporation

 Election, termination, and revocation

 Choice of year-end

 Allocations of profits and losses

 Distributions and shareholder basis

 Reporting and filing requirement

 Conversion of C Corporation with prior retained earnings

 Passive Activity Rules, Fringe Benefits, and Other Considerations

Objectives

When you complete this webcast, you will be able to:

 Determine when an S Corporation may be advantageous for a business

 Identify the requirements that must be met to qualify as an S Corporation

 Recognize individuals and entities that are eligible to own S Corporation stock

 Determine how to make a proper S Corporation election

 Determine income or loss that passes through to the shareholder

 Define and explain the concept of distributions

 Recognize active and passive income and determine material participation as it relates to an individual S Corporation shareholder

Location

N/A (This is a webcast)
Member Fee $249.00
Non-Member Fee $319.00
Your Price $319.00

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