Everything S-Corp! ON DEMAND

Overview

Navigating the intricate world of S Corporations presents a unique set of challenges for tax professionals, from compliance issues to understanding the nuances of Qualified Business Income (QBI). This course specifically addresses these complexities. Are you struggling to manage S Corp compliance effectively, or seeking ways to optimize tax savings through expense and deduction strategies? We offer a comprehensive solution that covers a wide array of current S Corp issues, including reasonable compensation, basis considerations, and shareholder reimbursement plans. Additionally, this online Webcast CPE course delves into the specifics of transitioning from a C Corp to an S Corp, managing asset transfers, and handling changes in shareholder percentages and the closing of an S Corp. Equipped with this knowledge, you will be able to develop robust plans and processes for managing your clients’ S Corp matters and advising them on critical changes and implications for their business and taxes.

Highlights

S corp general taxation. Preparing form 2553. Fixing S-elections. Stock basis ordering rules. S corporation health insurance.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents, and attorneys.

Objectives

Become familiar with many tax planning, tax compliance, and tax savings aspects of S corps. Develop comprehensive plans and processes for managing clients’ S Corp compliance matters. Recognize expense and deduction issues unique to S Corp’s and how to maximize the tax savings. Identify, advise, and correctly report changes to S Corp shareholder ownership, changes from another business entity converting to an S Corp, and selling or closing an S Corp. Demonstrate how the business side of S Corps pass through and impact the taxes, loss limitations, and basis considerations of shareholders.

Preparation

None.

Notice

None.