S Corporations: Key Issues, Compliance, and Tax Strategies
Live Virtual Seminar
8.00 Credits
Member Price $310.00
Price will increase by $50 on 10/4
Non-Member Price $420.00
Price will increase by $50 on 10/4
Overview
New or existing clients and businesses need assistance with the most misunderstood areas of S corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S corporation status and why business taxpayers may favor the pass-through entity over the C corporation. This course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about the S corporation business model that may work for them.
Highlights
- S corporation qualifications
- Election of S corporation status
- Termination or revocation of S corporation status
- Pass-through of income and loss items to the shareholder
- Distributions to S corporation shareholders
- Reporting and filing requirements
- Choice of year-end
- Shareholder basis
Prerequisites
None
Designed For
Public accounting firm staff and senior associates, CPAs, and S corporation tax filers
Objectives
- Determine when an S corporation may be advantageous for a business.
- Identify the requirements to qualify for an S election.
- Recognize individuals and entities that are eligible to own S corporation stock.
- Determine when the S election becomes effective.
- Determine when the S election becomes effective.
- Determine when the S election becomes effective.
- Situations in which a fiscal year is allowable.
Preparation
None
Leader(s):
Leader Bios
Brian Greenstein
Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice. Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. He has also written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes – The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process.
Non-Member Price $420.00
Member Price $310.00