S Corporations: Key Issues, Compliance and Tax Strategies - Virtual Experience

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  • Date/Time
    • Jun 19, 2024
    • Sign In: 8:30am (MT)
    • Program: 9:00am - 5:00pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA Adobe Platform Webinar, ID 00000
  • Credits
    • 8.00
  • Credit Type(s)
    • Taxes (Technical) (8.00)
  • Prerequisites
    • None

  • Vendor
    • AICPA
  • Level
    • Beginning
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

New or existing clients and businesses 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 business taxpayers may 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 the S corporation business model that may work for them.
  • Qualifies for IRS CE


This event is part of ISCPA's 2024 Tax School, designed to provide a convenient, comprehensive education about tax fundamentals for early-career tax staff in a series of courses. This series, designed for the ever-changing and complex world of tax, features high-quality presentations and an interactive, colleague-to-colleague approach to ensure participants develop the skills to apply their knew knowledge in practical settings.

Designed For

  • Public accounting firm staff and senior associates, CPAs, and S corporation tax filers
  • Objectives

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

    • Determine when an S corporation may be advantageous for a business.
    • Identify the requirements to qualify for an S election.
    • Recognize individuals and entities that are eligible to own S corporation stock.
    • Determine when the S election becomes effective.

     

    This stand-alone event is also part of the 2024 ISCPA Tax School, which is designed to:

    • Provide a comprehensive education about tax fundamentals for early-career tax staff in a series of courses.
    • Ensure the newest members of the tax force are well-prepared to begin their careers and support their firms.
    • Provide new staff with relevant technical and professional skills that focus on real-world issues and solutions.

    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

    Advanced Prep

    • Download PDF manual - view your upcoming events in "My CPE" on website
    • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar
    • Ensure you have a working camera and mic - you will be required to have them on throughtout this event

     

    If you need this reported to the IRS for CE credit, email CPE@idcpa.org

    Register Now

    Registration is closed. Please contact ISCPA at 208-344-6261 or email cpe@idcpa.org if you have any questions.

    Leaders

    William Taylor

    William (Bill) F. Taylor, CPA is a professional speaker and a CPA with a small tax and consulting practice. Bill is also an Adjunct Assistant Professor in the Masters of Business Administration program at the University of Mississippi. He recently retired as President of Renasant Bank in Water Valley, MS.

    Bill has worked in the Accounting, employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals and Actuaries, more than 40 state CPA and Bar associations and other organizations. He was awarded the AICPA Outstanding Discussion Leader award multiple times and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE . Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

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