Surgent's S Corporation Taxation: Advanced Issues (Self-Study)

Code: JSDLSCA4

Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 4.0
Specialty
credits
4.0 IRS CE approved
Field(s)
of study
Taxes - Technical (4.0)
Fees
Standard member fee $65.00
checkmarkStandard nonmember fee $65.00

Members: Please log in to receive member fee.

Description

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

Who should take this program?

CPAs whose practices include S Corporations and their shareholders

Major subjects

  • Detailed rules governing basis in the shareholder's debt and stock
  • AAA
  • Built-in gains incurred from the sale of assets
  • Redemptions and liquidations
  • Compensation planning for shareholders

Learning objective(s)

  • Discuss the conversion of a C corporation to an S Corporation
  • Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
  • Describe the rules governing the liquidation of an S Corporation
  • Examine the issues in compensation planning in S Corporations, including limitations in a family-controlled business; self-employment tax issues
  • Be familiar with the results of the case studies that reinforce key learning points

Notes:

Course code Code JSDLSCA4
Sponsor Surgent
NASBA ID#: 103212
Level Advanced
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. None
Advance
prep
None