S Corporations: Key Issues, Compliance, and Tax

Description

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.

Learning 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.

Major Topics

• 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

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8.0
Who Should Attend
Tax professionals
Instructor(s)
Kevin Krantz
Location
Online Webcast
Register Now
When
Dec 2, 2019
9:00 am - 5:00 pm EDT
Location
Online Webcast
Total CPE Credits
8.0
Format
Webcast
Instructor
Kevin Krantz

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S Corporations: Key Issues, Compliance, and Tax


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