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S Corps - Everything You Need to Know

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Prep.
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

An S corporation, also known as an S subchapter, refers to a type of corporation that meets specific Internal Revenue Code requirements. If it does, it may pass directly to shareholders, without having to pay federal corporate taxes. Usually associated with small businesses, S Corp status effectively gives a business the regular benefits of incorporation while enjoying the tax-exempt privileges of a partnership.

This CE/CPE webinar is designed to raise tax professionals' awareness of all of the concepts and requirements needed to successfully operate an S Corporation.

The primary benefit of filing as an S corporation with the IRS is that you avoid double taxation, as this is considered a pass-through entity. A business that files as an S-Corp isn't taxed by the federal government.

Attendees of this CE/CPE Tax course will better understand the benefits and downfalls of S Corps to help clients make better decisions, legally pay less in taxes, and keep more money in their business.

The recent situations have come with a lot of changes in the laws governing business entities. It not only covers the updates in the law but its practical application such as submission as well. Especially in the case of S Corporation, there have been significant changes that have affected the operations and tax aspects in a major way. This webinar encompasses major updates that are significant for the S corporation. Further, it takes a business perspective that can help you in your practice.

This Tax Strategy CE/CPE webinar covers simple and powerful tax strategies that can be implemented today, along with sample agreements and worksheets for use in practice.

Learning Objectives

  • To identify the benefits and tax savings of an S Corporation.
  • To define the break-even point calculation to determine when an S Corporation makes sense.
  • To recognize how to follow the tax law requirements of running an S corporation and best practices.
  • To identify the importance of documenting and determining reasonable compensation.
  • To recognize what shareholder loans are and how the IRS treats them.
  • To define the basis and why it's important.
  • To list more tax savings strategies for an S Corporation.

Recommended For

  • This IRS-Approved CE/CPE course is recommended for CPA, EA, AFSPs, Tax Professionals, Tax Directors, Tax Practitioners, and Tax Attorneys interested in learning everything about tax laws and tax strategies for S-Corporation.

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00799-21-O)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00799-21-O)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00799-21-O)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0742)
  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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.

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.

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.

Presenter

About Presenter

Joshua Standley

Account Executive, DKK Accounting, Inc.

Josh believes small businesses care about what they do and need the resources to keep their passion alive. He decided to dedicate his career to making small businesses better by providing them with the tools and knowledge necessary to succeed. Having earned his degree in Accounting, he is an Enrolled Agent and Accredited Business Accountant. He is also a Registered Tax Planner and Certified QuickBooks ProAdvisor. When Josh is not in the office, you will find him spending time with his family and friends.

About Company

DKK Accounting, Inc.

www.dkkaccounting.com/

DKK Accounting started when Dale K. Koglin, CPA, EA, ATA, ATP obtained his first corporate client before he was drafted by the United States Army. After being honorably discharged he returned to his accounting practice and continued to further his education in accounting. Later, he ended up purchasing an income tax business where he learned the complexities of preparing tax returns for farmers. Having been Dale K. Koglin Accounting for many years he partnered with another professional and became D&W Accounting. When his partner passed away the firm name changed back to Dale K. Koglin Accounting. Serving several clients over the many years by himself, and having no luck with employees in the past, he decided to take a chance on a young man and offered him a mentorship. Having forged a bond between them after years of working together he decided to pass the torch and name him as his successor. When Dale passed away in 2015 he had been in business for over 59 years! After his passing the firm name changed once again to DKK Accounting in order to modernize the business while keeping his legacy alive.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • 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 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
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

213 Ratings

Excellent

118

Very Good

71

Average

21

Poor

3

Terrible

0

PO

Paul Odonnell, CPA (US)

Dec 14th, 2021

1

RR

Rebecca Rettinger, CPA (US)

Dec 15th, 2021

Excellent speaker and great presentation.

TK

Tami Krauss, EA

Dec 14th, 2021

I wish that 10 years ago when I was starting to really ramp up my knowledge of the S Corporation and entity choice classifications that this course was available. This instructor would really be doing a service to our community to do a training on all entity choices in one CPE Training, like an ALL Day event. Using court cases and items of concern etc. This was very good!

CK

Charles Kinney, EA

Dec 14th, 2021

Make this a 2 hour course

BJ

Ba Jones, CPA (US)

Jun 5th, 2022

expected more depth, but realize the QA was long - By the way, nothing may be used for advertising purposes

S Corps - Everything You Need to Know

$10

1 Credit

Subject Area

Taxes

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