CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

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

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
S Corps: Crucial Insights: Determining Reasonable Compensation, Basis Increases from Shareholder Debt, and Fixing the Loss of S Corp Status.

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00326-20-O)

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0326)

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

2 CPE credit for Certified Fraud Examiners (CFEs)

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

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00326-20-O)

2 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00326-20-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

This online CPE course 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 outcomes.

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 issues regarding determining reasonable compensation. This online continuing education course 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 track. 

The key topics covered in this online CPE/CE webinar are as follows:

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

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

Access other online CPE/CE Courses for CPAs, EAs, AFSP, and Tax Professionals:

Tax Update Courses for CPAs, EAs, AFSPs, and Tax professionals

AFSP CE Package (Incl. AFTR Course and Ethics)

EA CE Package (Incl. Federal Tax Updates and Ethics)

Package for Tax Practitioners (Incl. 2 hours Ethics)

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] => 4.6522
    [no_of_record] => 23
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4.7

(23)
70%
26%
4%
0%
0%

GA

The information presented was timely and factual and will be of benefit when I prepare returns for my customers.

TM

The instructor knew what he was speaking about. I was very impressed that he gave actual IRS tax court cases. He presented things in a very clear and concise manner. I left feeling educated in an area that I needed to know more information in.

GA

Mr. White presented the information is an understandable, clear fashion. I mainly prepare individual returns. However, my husband has an s-corp for which I am the bookkeeper. I took this course to better understand the concept of "reasonable compensation". As a result of taking this course I will be discussing changes we need to make in terms of salary verses distributions.

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.