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Surgent's S Corporation Taxation: Advanced Issues

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Online/Webcast

4.00 Credits

Member Price $159.00

Non-Member Price $209.00

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Overview

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.

  • Speaker - Michael Frost, CPA
  • Highlights

    • 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, including planning strategies under the SECURE Act
    • Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable

    Prerequisites

    Experience in S corporation tax return preparation

    Designed For

    Accounting and Financial Professionals whose practices include S corporations and their shareholders

    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, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation
    • Be familiar with the results of the case studies that reinforce key learning points

    Preparation

    None

    Non-Member Price $209.00

    Member Price $159.00