Overview
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Adjustments to Shareholder Debt Basis
11 mins
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Expansion of Cash Method of Accounting for Small Business
42 mins
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Corporate Formation
85 mins
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Procedural Requirements
118 mins
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Form 1120S & Schedule K/K-1 Reporting
153 mins
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Form 1120S Instructions to Schedule K-1, Line 17
185 mins
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Qualified Business Income Deduction
227 mins
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Modifications of Limitation on Business Interest
272 mins
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Ordering Rules of Distributions
295 mins
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Issue of Converting from a C to S corpotation
364 mins
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 online CPE/CE webinar will deal with both S corporation and shareholder developments addressing the most common, yet complex Federal S corporation issues and problems.
This online CPE/CE 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.
The IRS-Approved online CPE/CE Tax Course covers the following topics:
- 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.
During this webinar, you will get Free E-Book worth $200. The book will be shared with you during the webinar. The book is copyright protected.
Free E-Book Worth $200Get copyright protected E-Book related to course worth $200 for absolutely free, if you register now. Limited Period offer! |
Learning Objectives
- To Form and liquidate an S corporation and determine any tax ramifications to the corporation and shareholders
- To Calculate the corporation’s initial inside basis in the assets and shareholder’s stock and debt basis
- To 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
- To Prepare a Schedule M-2 and determine how distributions are treated to the shareholders
Recommended For
- This CE/CPE Online course is for CPA & Enrolled Agent helping clients in formation and preparation of S corporations
- This Online CE Tax Classes Approved by IRS are for AFSP & All Tax Professionals interest in learning everything about tax laws for S corporations
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- Accounts Director
- Annual Filing Season Program
- Bookkeepers & Accountants & Tax Preparers
- Business Owner
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- Certified Valuation Analysts
- Cloud Accountants
- Cloud Firms
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Enrolled Agent
- Entrepreneurial CPA
- Maryland Tax Preparers
- Oregon Tax Preparers
- Senior Accountant
- Staff of Accounting Firm
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Young CPA