Description
S-corporation taxation has a lot of pieces. There are helpful elections you can make that can potentially save your client money, but there are also rigid rules to adhere to. For example, if there is more than one class of stock, it can terminate the S-corporation election. Learning how to successfully navigate these rules can make all the difference. In this course, we will discuss some of the more common specialty areas experienced by practitioners—late filing relief for S-corporation elections, disproportionate distributions, and selling S-corporation shares. While these items may not come up on every single Form 1120-S, you will be able to add more value to clients when they do.
Required Knowledge: Basic understanding of tax rules for flow-through entities
Advanced Preparation: None
Who Should Attend: Tax and financial advisors with clients who have formed S-corporations
Objective
* Recall the rules for a late S-corporation election * Identify the tax implications of an S-corporation making disproportionate distributions to S-corporation shareholders * Recognize the tax rate applicable to the sale of S-corporation shares
Credit Types
- Taxes: 2
Event Speaker(s)
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Surgent: Live Online (2 hours) | Members | $100.00 |
| Surgent: Live Online (2 hours) | Non Members | $225.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.