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S Corporations: Key Issues, Compliance, and Tax Strategies - Tax Staff Essentials
CPE Self-study

S Corporations: Key Issues, Compliance, and Tax Strategies - Tax Staff Essentials

Learn to speak effectively to potential business clients and existing shareholders about how you can make the S Corporation business model work for them.

$149 - $209
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

10.5

Author(s)

Gregory B. McKeen

Availability

1 year

Learning Outcomes
  • Identify the advantages and potential disadvantages of operating as an S corporation.
  • Recognize individuals and entities that are eligible to own S corporation stock.
  • Determine how to make a proper S corporation election.
  • Identify causes of voluntary and involuntary termination.
  • Recall methods of allocating income for the short years caused by a termination.
  • Calculate the tax on built-in gains.
  • Identify the items of income, gain, loss, and deduction that adjust basis of shares and indebtedness and the order of application of the items.
  • Determine how accumulated earnings and profits, accumulated adjustments account, other adjustments account, and the shareholder’s basis are affected by distributions.
  • Recognize when a Section 444 election and resulting required payments should be made.
  • Determine whether and to what extent passive losses can be deducted against other income.
  • Identify which fringe benefits are deductible by the shareholders.
Key Topics
  • Advantages vs. disadvantages of S Corporations
  • S Corporation Qualifications
  • Electing S Corporation status
  • Termination of S Corporation Status
  • S Corporation Tax on Built-in Gains
  • S Corporation Pass-Through to Shareholders, Basis and Losses
  • S Corporation Distributions
  • Taxable Year of S Corporations
  • S Corporation Passive Activity Rules, Fringe Benefits, and Other Considerations
Product Details

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle.

New or existing clients and business need assistance with the most misunderstood areas of S Corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation.

This self-study course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about how you can make the S Corporation business model work for them.

Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$209.00
AICPA Members
Online
$169.00
Tax Section Members
Online
$149.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Credit Info
CPE Credits
Online
10.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Instructors
Gregory B. McKeen
CPA
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

S Corporations: Key Issues, Compliance, and Tax Strategies - Tax Staff Essentials
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Online
$209.00
Nonmember Price
$209.00
Price excluding sales tax
$209.00
Do you have an AICPA membership? 
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