Self-Study

Surgent's S Corporation Taxation: Advanced Issues

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This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S Corporations.

Major subjects

• Detailed rules governing basis in the shareholder's debt and stock.
• Inclusion of OBBBA (One Big Beautiful Bill Act) provisions that are germane to this course.
• AAA.
• Built-in gains incurred from the sale of assets.
• Redemptions and liquidations.
• Compensation planning for shareholders, including planning strategies under the SECURE Act.
• Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable.

Learning objectives

• Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations.
• Describe corporate level taxes.
• Describe the rules governing the redemption and liquidation of an S Corporation.
• Examine the issues in compensation planning in S Corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S Corporation officer compensation.
• Be familiar with the results of the case studies that reinforce key learning points.

Who should take this program?

• Accounting and financial professionals whose practices include S Corporations and their shareholders.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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