S Corporations: Key Issues, Compliance, and Tax
Join this webcast and learn how to speak effectively to new and current clients about how you can make the S Corporation business model work for them. We’ll cover the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass • through entity over the C Corporation, so you can feel comfortable explaining it to your clients. This webcast will explore the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.
• 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.
• 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
Professional Area of Focus
CPE Field of Study
Who Should Attend
10:30 am - 6:30 pm EDT