SCCA
S CORPORATIONS: A COMPREHENSIVE ANALYSIS
Now accepted for CFP®, CLU, and ChFC continuing education credit!
The purpose of this course is to provide CPAs with a thorough understanding of the intricacies of S corporations, which are one of the most popular forms of doing business. This course presents an overview of S corporation taxation that today's practitioners need to know. The complex issues are presented in an easy-to-understand format with practical examples. This course is critical for practitioners working with S corporations.
Major topics include:
- The similarities and differences among S corporations, partnerships, and C corporations
- Eligibility for being an S corporation: new, expanded opportunities
- Formation issues -- Making the S election and the new qualification issues
- Operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
- Converting the C corporation to an S corporation -- The traps and pitfalls
- Sales and redemptions of stock -- Comprehensive case studies
- Fiscal years -- Eligibility and tax impact on shareholders
- Compensation and fringe benefit planning for the owner and non-owner
Designed for: All practitioners who need to understand the advantages of S corporation status and the related elements of taxation.
Level of knowledge: Basic
Field of study: Taxation
Please note:
This
course is included as part of the Theory &
Return Preparation in the Surgent McCoy CPE, LLC Integrated
Tax Curricula for CPAs in Public Accounting.
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