22WS-1395: Surgent's Advanced Critical Tax Issues for S Corporations (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, January 25, 2023
9:00am - 5:00pm Central Time
8 CPE (8 technical)  |  8 IRS CE

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.

Major subjects

• The Tax Cuts and Jobs Act of 2017 and summaries of the relevant provisions of the various stimulus acts
• Final regulations on "eligible terminated S Corporations" (ETSCs)
• 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
• 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

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

Fees

Standard Member Fee	$279.00
Standard Nonmember Fee	$279.00