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S Corporations: Key Issues, Compliance, and Tax Strategies

Author/Moderator: Gregory McKeen, CPA
Publisher: AICPA
Availability: In Stock
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Description

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With this CPE course, get the knowledge you need to speak effectively to new and current clients about how you can make the S corporation business model work for them. Enhance your abilities to explain the benefits and drawbacks of electing S corporation status and why more business taxpayers favor the pass-through entity over the C corporation. This course will enable you to effectively discuss with clients the importance of shareholder basis when contemplating distributions, and how distributions and other items affect the accumulated adjustment account. You'll also be prepared to alert clients to when the built-in gain tax may or may not apply and explain the ramifications of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) for S corporations.

Learning Objectives

Key Topics:

  1. Advantages and disadvantages of S corporations
  2. S corporation qualifications
  3. Electing S corporation status
  4. Termination of S corporation status
  5. S corporation tax on built-in gains
  6. S corporation pass-through to shareholders, basis and losses
  7. S corporation distributions
  8. Taxable year of s corporations
  9. S corporation passive activity rules, fringe benefits, and other considerations

Who Will Benefit?

  1. Staff and senior associates in public accounting who assist clients with tax compliance for closely held S corporations

Prerequisite: None

Advance Preparation: None

Table of Contents

Excerpts

Videocourse Details

NASBA Field of Study: Taxes
Level: Basic
Recommended CPE Credit: 5
S Corporations: Key Issues, Compliance, and Tax Strategies
Text , 2016
Product# 736163
Availability: In Stock
Regular:$139.00
AICPA Member:$109.00
Your Price:$139.00
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