Skip to main content

Surgent's S Corporation Taxation: Advanced Issues

-

Add to Calendar

TBD

4.0 Credits

Member Price $159

Non-Member Price $159

Overview

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

Prerequisites

Experience in S corporation tax return preparation

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

Preparation

None

Non-Member Price $159

Member Price $159