Surgent's S Corporation Taxation: Advanced Issues

Objectives:

• Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
• Describe corporate level taxes
• Describe the rules governing the redemption and liquidation of an S corporation
• Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation
• Be familiar with the results of the case studies that reinforce key learning points

Major Topics:

• 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, including planning strategies under the SECURE Act
• Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable

Designed For:

Accounting and Financial Professionals whose practices include S corporations and their shareholders

Prerequisite:

Experience in S corporation tax return preparation

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.