S Corporations: Key Issues, Compliance, and Tax Strategies (Virtual)  (SCF-VIR)

Thursday, October 28, 2021 from 8:00 AM to 3:30 PM in Online

8.00 CPE Credit Hours

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 course 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.
Designed For
Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations
Objective
  • 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
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
Prerequisites
None
Advanced Preparation
None
Developer
AICPA
Presenters
Kevin Krantz.,
Level of Knowledge
Beginning

Course Location

Online (IA)
123 Online Lane
Online, IA 00000

Member

$285.00

Late
Registration *

$335.00

Non-Member

$335.00

Late
Registration *

$385.00

* If postmarked after 10/6/2021
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