If you have questions about this event, please call us at 952-831-2707.
Obtain a comprehensive review of the laws and regulations impacting S Corporations. Be updated on the IRS' compliance campaign that targets the improper reporting and calculations of stock basis and distributions. Learn how to properly calculate and then report critical S Corporation tax items that generate most IRS audit adjustments. Course topics cover issues such as S Corporation qualifications, making and keeping the S election, reasonable compensation, taxation of distributions, the use of Qualified Subchapter S Subsidiaries, allocation of annual operating income and loss, S Corporation tax reporting elections and learning the proper method to calculate the basis of stock and debt amounts.