Surgent's S Corporation Core Tax Issues From Formation Through Liquidation (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 8.0
8.0 IRS CE approved
of study
Taxes - Technical (8.0)
Standard member fee $125.00
checkmarkStandard nonmember fee $125.00

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As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. The course is designed to assist experienced staff to take the next step by taking a deeper analysis into critical issues affecting the entire life-cycle of present S corporation clients. Discussions utilizing real life examples are designed to allow intermediately experienced participants to analyze and solve problems, such as they may face within their own offices.

Who should take this program?

Experienced CPAs who desire a comprehensive S Corporation course that will enable them to understand reasonably complex S Corporation problems and issues; also, CPAs who want a comprehensive, intermediate-level S Corporation practice manual

Major subjects

  • Applicable changes related to tax reform
  • The Light Brigade failed due to poor instructions; let's follow the right path in basis calculations
  • Current private letter rulings reveal the failure in one or more S Corporation eligibility requirements inadvertently terminating S Corporations today
  • Inherited a new client with reporting errors? What are my options?
  • Debt vs. equity and Section 385; Federal Express battled and won, how do we?
  • The $100/day penalty final rule applicable to S Corporations
  • Congressional Budget Office is next in line suggesting SECA tax on pass-through entities
  • Tracking multiple shareholder debt basis
  • Basis neither increased by phantom income, nor reduced by non-deducted pass-through losses
  • Can I accrue expenses payable to a shareholder? Sure, but can I deduct them?
  • How Section 179 limitations affect S corp. basis
  • Comparison of liquidation of a C corporation vs. the liquidation of an S Corporation
  • Did not timely file Form 2553? A simple method to correct
  • Is there a "flexible standard of law" in regard to closely held entities?

Learning objective(s)

  • Prepare more complicated S Corporation returns
  • Understand certain advanced concepts of S Corporation taxation
  • Protect S Corporation clients from falling out of S Corporation eligibility


Course code Code JSDLSCTI
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. Basic knowledge of S corporation taxation
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