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S Corporation Fundamentals

Description

his webcast is part of the Tax Staff Essentials program. This webcast is a comprehensive introduction to the nature of S Corporations and how they are treated for income tax purposes. We will examine some of the advantages and disadvantages of incorporation and then go through the requirements for electing to be an S Corporation. We will also review the rules for operating an S Corporation.

Learning Objectives
  • Determine how to make a proper S Corporation election
  • Determine income or loss that passes through to the shareholder
  • Define and explain the concept of distributions
  • Recognize active and passive income and Determine material participation as it relates to an individual S Corporation shareholderer
Major Topics
  • Qualifications of S Corporation
  • Election, termination, and revocation
  • Choice of year-end
  • Allocations of profits and losses
  • Distributions and shareholder basis
  • Reporting and filing requirement
  • Conversion of C Corporation with prior retained earnings
  • Passive Activity Rules, Fringe Benefits, and Other Considerations
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8.0
Instructor(s)
Jonathan Ingber
Location
Online
Event Information
When
Aug 29, 2018
9:00 am - 5:00 pm EST
Location
Online
Total CPE Credits
8.0
Format
Webcast Replay

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S Corporation Fundamentals


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