Surgent's Advanced Critical Tax Issues for S Corporations (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 10.0
10.0 IRS CE approved
of study
Taxes - Technical (10.0)
Standard member fee $150.00
checkmarkStandard nonmember fee $150.00

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This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.

Who should take this program?

All practitioners and controllers who have attended a basic S Corporation course and want to understand more complex issues and their practical implications

Major subjects

  • Cases, rulings, and tax law changes affecting S Corporations
  • Compensation planning in S Corporations, including limitations in a family-controlled business; self-employment tax issues
  • Use of redemptions: still some advantages
  • Planning for the liquidation of an S Corporation
  • Tax issues for family ownership of S Corporation stock
  • Impact of the tax on net investment income on sales of S Corporation stock
  • Stock basis: Loss limitations, AAA, and distribution issues in depth
  • Debt basis: what the regulations on back-to-back loans mean to investors
  • Estate planning for S Corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance
  • Built-in gains: the 5-year recognition period is permanent
  • S Corporation structuring: one class of stock
  • Methods of accounting
  • Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates

Learning objective(s)

  • Understand how stock basis, AAA, and other limitations are determined
  • Appreciate how corporation planning can be used in an S Corporation to change the effects of the one-class-of-stock rule
  • Understand what S Corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions


Course code Code JSDLACTS
Sponsor Surgent
NASBA ID#: 103212
Level Advanced
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. A basic course in S Corporations; some experience in advising S Corporations and their shareholders