S Corporations: Key Issues, Compliance, and Tax Strategies - Tax Staff Essentials

Course Details

Date

Monday, August 18, 2025

7:00am – 3:00pm (Registration: 4:03pm)

Location

Online

Field of Study

Taxation

CPE Credit

8 hours CPE credit

Level of Knowledge

Beginning

Vendor

AICPA

Prerequisites

None

Description

Tax planning strategies for new businesses considering electing S corporation status, and the pros and cons of switching from a C corporation to an S corporation.

Highlights

  • Advantages and disadvantages of S corporations
  • Electing S corporation status
  • Termination of S corporation status
  • S corporation tax on built-in gains
  • S corporation pass-through to shareholders, basis and losses
  • S corporation distributions
  • Taxable year of S corporations
  • S corporation passive activity rules, fringe benefits and other considerations

    Objectives

    • Recognize when an S corporation may be advantageous for a business.
    • Identify the potential disadvantages of operating as an S corporation.
    • Identify permitted fiscal years, elections, and user fees.
    • Recognize when the S election becomes effective.
    • Identify shareholder consent rules and causes of invalid elections.
    • Recognize events causing involuntary termination.
    • Recall the path to making a new election after termination.
    • Recognize when an S corporation is subject to tax at the entity level.

    Designed For

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

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    Course Pricing

    WYOCPA Member Fee
    $349.00

    Non-Member Fee
    $419.00

    Your Price
    $419.00

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