2024 MSCPA Annual Convention: Details

2024 S Corporation Essentials: Review & Update

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Tuesday, August 6, 2024 @ 3:00pm – 7:00pm
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Description

This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of business and S Corporation taxation

Highlights

  • Recent tax legislation, rules, and developments impacting S-corporations
  • S corporation shareholder basis in stock and debt
  • Schedules K-2 and K-3 reporting
  • Basis of indebtedness
  • S corporation open account debt
  • Limitation of deduction of losses
  • AAA and distributions

Objectives

  • Apply the latest tax rules and regulations of S-corporations
  • Identify shareholder basis and how to report it
  • Distinguish and define complex S-corporation issues

Preparation

None

Credits

Category Amount
Taxation 4.00