Webinar: S Corporation Core Tax Issues From Formation Through Liquidation
WS251 | Course | Intermediate | Scheduled
Description
As experienced staff members master the preparation intricacies of an 1120-S tax return, they are expected to understand and apply the underlying conc
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Taxes |
Designed For
Experienced Accounting and Financial Professionals desiring a comprehensive case approach to understand reasonably complex S corporation issues and problems; also, Accounting and Financial Professionals who want a comprehensive, intermediate-level S corpo
Prerequisites
Basic knowledge of and experience with S corporation taxation
Highlights
- What exactly is terminating S corporations, including recent rulings
- Schedules K-2 and K-3 reporting requirements and filing exceptions
- Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
- Shareholder changes Living Trust and causes S termination
- LLCs electing S status, changing agreement could terminate election
- Inherited a new client with reporting errors? What are my options?
- Debt vs. equity and §385; Federal Express battled and won, how do we?
- Are we to expect SECA tax on pass-through entities?
- Shareholders losing “substance over form” argument
- Basis neither increased by phantom income, nor reduced by non-deducted pass-through losses
- Can I accrue expenses payable to a shareholder? Sure, but can I deduct them?
- How §179 limitations affect S corp. basis
- Comparison of liquidation of a C corporation vs. the liquidation of an S corporation
- Did not timely file Form 2553? A simple method to correct
- Is there a “flexible standard of law” in regard to closely held entities?
Objectives
- Prepare more complicated S corporation returns
- Understand certain advanced concepts of S corporation taxation
- Protect S corporation clients from falling out of S corporation eligibility
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $279.00
- Non-Member (Early Bird)
- $279.00
- Member
- $279.00
- Non-Member
- $279.00