Surgent's S Corporation Taxation: Advanced Issues

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  • Location
    • Your Space
      Your Space
      Self Study - Surgent, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Taxes (Technical) (4.00)
  • Prerequisites
    • Experience in S corporation tax return preparation

  • Vendor
    • Surgent
  • Level
    • Advanced
  • Fields of Study
    • Taxes
  • Message
    • When & Where You Want

Description

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

Type = Download

  • Qualifies for IRS CE Credit
  • 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

    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

    Advanced Prep

    None

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