Everything S-Corp! FLEXCAST

Overview

Navigating the intricate world of S Corporations presents a unique set of challenges for tax professionals, from compliance issues to understanding the nuances of Qualified Business Income (QBI). This course specifically addresses these complexities. Are you struggling to manage S Corp compliance effectively, or seeking ways to optimize tax savings through expense and deduction strategies? We offer a comprehensive solution that covers a wide array of current S Corp issues, including reasonable compensation, basis considerations, and shareholder reimbursement plans. Additionally, this online Webcast CPE course delves into the specifics of transitioning from a C Corp to an S Corp, managing asset transfers, and handling changes in shareholder percentages and the closing of an S Corp. Equipped with this knowledge, you will be able to develop robust plans and processes for managing your clients’ S Corp matters and advising them on critical changes and implications for their business and taxes.

Highlights

S Corp general taxation. Preparing Form 2553. Fixing S-Elections. Stock basis ordering rules. S Corporation health insurance.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Develop comprehensive plans and processes for managing clients’ S Corp compliance matters. Recognize expense and deduction issues unique to S Corp’s and how to maximize the tax savings. Identify, advise, and correctly report changes to S Corp shareholder ownership, changes from another business entity converting to an S Corp, and selling or closing an S Corp. Demonstrate how the business side of S Corps pass through and impact the taxes, loss limitations, and basis considerations of shareholders.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.