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Surgent’s S Corporation Taxation: Advanced Issues (SCA4) (SSTX247/21)

Event Description

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.

Designed For

CPAs whose practices include S corporations and their shareholders

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
  • Be familiar with the results of the case studies that reinforce key learning points

Major Subjects

  • 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
  • Tax Cuts and Jobs Act of 2017

Prerequisites

Experience in S corporation tax return preparation

Instructions

None