Course Details

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ADDITIONAL DATES

Dec 03, 2020 | 08:00 AM PST Register
Dec 10, 2020 | 10:00 AM EST Register
Dec 17, 2020 | 08:00 AM PST Register
Dec 24, 2020 | 10:00 AM EST Register

Course Description

With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs an S corporation course focusing on the hottest tax topics and most frequently encountered issues.  This case-driven course will deal with both S corporation and shareholder developments addressing the most common, yet complex Federal S corporation issues and problems.

This class will review S corporation tax law by looking at case studies addressing issues and problems at both the S corporation and shareholder level.  Each attendee will receive the most comprehensive reference manual with numerous practice aids and real-world examples and case studies.  Topics include but are not limited to:

  • An extensive review of the S corporation tax laws with an emphasis on any new legislative changes (SECURE & CURES Act) including the Tax Cuts & Jobs Act (TCJA) new 20% qualified business income (QBI) deduction and changes to the interest deduction, fringe benefits, and entertainment expenses 
  • Requirements to make an S election (i.e., types and numbers of shareholders and the second class of stock issues)
  • Fixing late S corporation elections (i.e. Form 2553)
  • S corporation formation (§351) and liquidation issues
  • Revocation and termination of S corporations
  • Schedule K and K-1 – separately & non-separately stated income and expense items
  • Compensation issues including the tax treatment of fringe benefits
  • Built-in gains tax and other planning opportunities when converting a C to S corporation
  • Preparation of the Schedule M-2 and the ordering rules for distributions out of the AAA, PTI, E&P and OAA accounts
  • Tax treatment of stock redemptions (sale or distribution?) 
  • Overview of a shareholder stock and debt basis and deductibility of losses

J. Patrick Garverick is one of the most admired and best-reviewed Tax Speaker in the country and we are offering the classes at a much-discounted price during the pandemic. His courses have been best-reviewed time and again 

  • For Quality of Content
  • For Relevance and Practical Case studies
  • For Best Teaching Approach
  • For Best Course Material

Awards and Accolades

  • Award for Instructor Excellence for California Education Foundation
  • Award for Outstanding Course materials for California Education Foundation.
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge. 

After registering for this webinar you will get Free E-Book worth $200. The book would be emailed to you, a day before the webinar on your registered email address on myCPE. The book is copyright protected.

Learning objectives

  • Form and liquidate an S corporation and determine any tax ramifications to the corporation and shareholders
  • Calculate the corporation’s initial inside basis in the assets and shareholder’s stock and debt basis
  • Understand how the schedule K items get allocated to the shareholders on their individual Schedule K-1 and the effect on a shareholder’s stock and debt basis
  • Prepare a Schedule M-2 and determine how distributions are treated to the shareholders

About Presenter

J. Patrick Garverick, CFP, CPA

Accounting Manager, THE GARVS LLC

pat@phoenixbeach.com

Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.

In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.

During his time in college, Pat earned a letter as a member of the Ohio State Basketball squad. He remains a staunch supporter of the sports programs at his alma mater.

Awards & accolades

  • Multi-time winner of the California Education Foundation’s 1) Award for Instructor Excellence and 2) Award for Outstanding Course materials
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge. 

Phoenix Beach was developed to provide comprehensive and up-to-date educational content for business professionals of all types. As part of our mission we strive to make sure that the material we present is delivered by knowledgeable and skilled instructors so our session participants receive a great educational experience and value.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(14)
64%
29%
7%
0%
0%
  • DA
    daniel anderson , EA
    Sep 4th 2020
    An excellent webinar. We get asked these questions frequently by our clients. Not only do I plan on sharing thi with ym firm, but with colleagues of other firms as well. It was simple enough for a new preparer to understand, but complete enough for the seasoned preparer.
JH
Jessica Hetzler , EA
The was an excellent webcast. The subject matter was very helpful, and presented in exactly the right level of granularity. The instructor was very credible, and very polished in her presentation skills. Keep the great webcasts coming!
PF
Paul Flannery , EA
I thoroughly enjoyed this presentation and felt a lot of material was covered in an hour, but in an effective way so it refreshed certain points that helped me learn how to convey some of this subject back to my clients. Great Presentation!
RR
Richard Rothman , EA
With taxpayers having to find ways to earn an income during COVID, assisting with the best entity for them and their business is imperative. The material that was presented will be greatly helpful in presenting taxpayers the choices and tax pros and cons and hopefully they will understand it better instead of listening to a third party such as their neighbor, hairdresser or family member. This way, they'll have the information and make an educated and business oriented decision and know the requirements for it. Great presentation
BD
Barbara Davis , AFSP
Information presented in a very clear and precise presentation. Received a better understanding of different entity types including corporations, S Corporations and LLCs . Have a good blue print to use going forward when making decisions with clients

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register
  • Cost $120
  • CPE Credits 8
  • CE Credits 8
  • IRS Course ID GEHNZ-T-00292-20-O
  • CTEC Course ID 6273-CE-0300
  • Subject Area Taxes
  • Course Level Intermediate
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Attorney Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Tax Pros CPA (Industry) Tax Firm Entrepreneurial CPA Tax Accountant (Industry) Tax Director (Industry) Accounting Practice Owners Senior Accountant Accounts Director Entrepreneurial Accountant Tax Managers Accounting Managers Staff of Accounting Firm

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register