S Corporations: Comprehensive walk through of Form 1120S
Description
Objective
After attending this presentation, you will be able to... Compare S Corporations to other entity structures to assess suitability. Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19. Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3. Analyze I.R.C. §1361 and §1362 in the context of S Corporation elections and compliance. Identify and address S Corporation eligibility errors and implement corrective measures. Apply corporate governance procedures and corporate formalities. Assess shareholder stock and debt basis rules and implications. Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans. Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3. Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.
Attendee Information
Mary Jane Hourani, MM, EA, NTPI Fellow
Required Knowledge
None
Who Should Attend
CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors
Credit Types
- CPE – Taxes
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