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S Corps: Crucial Insights: Determining Reasonable Compensation, Basis Increases From Shareholder Debt, And Fixing The Loss Of S Corp Status.

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 for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00326-20-S)

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

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Common Professions involved in Litigation
    5 mins
  • Can You Squeeze Blood out of a Turnip?
    19 mins
  • Blood from a Turnip - Goldsmith
    28 mins
  • Methods To Determine Reasonable Compensation
    39 mins
  • Reasonable Comp and Income Taxes
    48 mins
  • Social Security Facts
    56 mins
  • Mistakes Were Made
    70 mins

Course Description

This CPE/CE 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 Tax CE 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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