S Corporation Tax Guide ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $290.00
Non-Member Price $334.00
Overview
Many company owners want to reduce their income taxes and be shielded from creditor claims. A good way to do this is with the S corporation structure. In the S Corporation Tax Guide self-study CPE course, we discuss the advantages and disadvantages of S corporations, as well as how their income and losses are passed through to shareholders, how to handle deductible expenses, shareholder basis issues, distributions to shareholders, the sale of S corporation stock, tax planning, and much more. In short, this CPE class presents a concise analysis of the essential issues related to S corporations.
Highlights
Payroll tax advantages. Requirements to form an S corporation. The S corporation election. The annual S corporation tax return. Accounting methods. Section 199A deduction for qualified business income. S corporation distributions. Differences between the S corporation and other entities.
Prerequisites
None.
Designed For
CPA, CEO, CFP, and other tax professionals.
Objectives
Recognize the advantages and disadvantages of using the S corporation structure. Specify the requirements for adopting the S corporation structure. Identify the types of trusts that can invest in an S corporation. Recognize all aspects of the election process to become an S corporation. Identify the requirements to re-qualify as an S corporation after the original status was terminated. Recognize how the various deductions are treated by an S corporation. Specify how the startup expenses of an S corporation are treated. Identify the circumstances under which an S corporation can be directly liable for income taxes. Recognize the components of passive investment income. Specify how pass-through income, losses, and so forth are allocated to shareholders. Specify the reason why the accumulated adjustments account is maintained by an S corporation. Identify the tax treatment of an S corporation liquidation.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $334.00
Member Price $290.00