Navigating the intricate world of S Corporations presents a unique set of challenges for tax professionals, from compliance issues to understanding the nuances of Qualified Business Income (QBI). This course specifically addresses these complexities. Are you struggling to manage S Corp compliance effectively, or seeking ways to optimize tax savings through expense and deduction strategies? We offer a comprehensive solution that covers a wide array of current S Corp issues, including reasonable compensation, basis considerations, and shareholder reimbursement plans. Additionally, this online Webcast CPE course delves into the specifics of transitioning from a C Corp to an S Corp, managing asset transfers, and handling changes in shareholder percentages and the closing of an S Corp. Equipped with this knowledge, you will be able to develop robust plans and processes for managing your clients' S Corp matters and advising them on critical changes and implications for their business and taxes.
Learning Objectives
Upon successful completion of this course, participants will be familiar with many tax planning, tax compliance, and tax savings aspects of S corps.
Develop comprehensive plans and processes for managing clients' S Corp compliance matters.
Recognize expense and deduction issues unique to S Corp's and how to maximize the tax savings.
Identify, advise, and correctly report changes to S Corp shareholder ownership, changes from another business entity converting to an S Corp, and selling or closing an S Corp.
Demonstrate how the business side of S Corps pass through and impact the taxes, loss limitations, and basis considerations of shareholders.
Major Topics
S Corp General Taxation
Preparing form 2553
Fixing S-Elections
Stock Basis Ordering Rules
S Corporation Health Insurance
