Surgent's S Corporation Taxation: Advanced Issues

Course Details

Date

Friday, November 25, 2022

11:30am – 3:00pm (Registration: 3:05pm)

Location

Online

Field of Study

Taxation

CPE Credit

4 hours CPE credit

Level of Knowledge

Advanced

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in S corporation tax return preparation

Description

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

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

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

Designed For

Accounting and Financial Professionals whose practices include S corporations and their shareholders

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$159.00

Non-Member Fee
$207.00

Your Price
$207.00

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