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Surgent’s S Corporation Core Tax Issues From Formation Through Liquidation On-Demand Webcast (SU1916/23)

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Surgent’s S Corporation Core Tax Issues From Formation Through Liquidation On-Demand Webcast (SU1916/23)

Member Price $199
Non-Member Price $229
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May 1, 2023 @ 1:00 am - April 30, 2024 @ 1:00 am

Event Description

As experienced staff masters the preparation intricacies of an 1120S tax return, they are expected to understand and apply the underlying concepts, principles and laws governing S corporation status. This course is designed to illustrate in both theory and practice overarching principles that govern S corporations from formation to revocation, termination and liquidation. Experienced client-facing staff should be aware of the pitfalls that may inadvertently cause an S-status termination or may generate unintended tax consequences to shareholders.

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

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

Major Subjects

What exactly is terminating S corporations, updated for recent rulings Schedules K-2 and K-3 reporting requirements and transitional filing relief 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 Basis calculation worksheet 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?

Prerequisites

Basic knowledge of and experience with S corporation taxation

Instructions

None

Details

Start:
May 1, 2023 @ 1:00 am
End:
April 30 @ 1:00 am
Cost:
$2 – $2023

Other

Credit Hours
8
Max Registrations
0
Course Level
I
Course Type
Webinar