S Corps: Crucial Insights: Determining Reasonable Compensation, Basis Increases from Shareholder Debt, and Fixing the Loss of S Corp Status.

4.6 (14)

Greg White

State of the Art Tax LLC

Thursday, March 04, 2021 | 10:30 AM EDT

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Preparer
  • CTEC
  • CFE

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPE credit of Taxes for all CPAs

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CE credit of Federal Tax Update for Oregon Tax Preparers

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

This webinar comes to you with the most recent updates of S Corporations issues. These subjects are considered crucial insights as they influence many parts of the S-Corporation operations and business outcome. The topics included are as follows:

Major Topics:

  • Reasonable compensation for shareholder-employees.
  • The types of debt that provide basis to shareholders. 
  • Fixing technical violations of S corporation’s eligibility rules.

How do you determine reasonable compensation? Between 2010 and 2013, a number of cases and IRS enforcement came up with the question of reasonable compensation. CPAs, tax, and financial advisors are constantly facing the issues regarding determining reasonable compensation. It will cover every important case and provide practical methods to calculate how much compensation is reasonable. Unlike C corporations, every year a shareholder’s stock basis in an S corporation changes based on the operations. It will cover basis increases that arise from shareholder debt: what works and what doesn’t work. At the last, it will cover what happens when an S corporation is inadvertently terminated – how you can get the train back on the track. 

This webinar will provide unique value to the CPAs, Enrolled Agents, and Tax preparers. 

Learning Objectives

  • To identify methods to determine reasonable compensation.
  • To restructure loans to provide basis to a shareholder.
  • To recognize the actions you can take if an S-Corp has ineligible shareholders or two classes of stock.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [average] => 4.6429
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4.6

(14)
64%
36%
0%
0%
0%

YM

It was a great experience, especially if I could not do the webinar at the exact time I was still able to join the webinar.....

JF

Probably my favorite webinar to date. Very informative, great use of case studies and exactly the right length.

TK

This was my first CPE with your company and I really enjoyed the speaker and the material covered.

KR

Nice job, good material

ST

Very good!