Surgent's S Corporation Taxation: Advanced Issues

Thursday, January 13, 2022
Webcast or Webinar, Online
1:30 PM - 5:00 PM (opens at 1:00 PM) EST
4Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$139.00 Regular Price
Non-Members
$199.00 Regular Price
Course Type: Webcast
Course Code: 21/SUSCA404
Level: Advanced
Vendor: Surgent
Field of Study: Taxes

Overview:

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

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
  • Be familiar with the results of the case studies that reinforce key learning points

Major Topics:

  • 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
  • Tax Cuts and Jobs Act of 2017

Major Topics:

  • 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
  • Tax Cuts and Jobs Act of 2017

Designed For:

CPAs whose practices include S corporations and their shareholders

Prerequisties:

Experience in S corporation tax return preparation