Surgent's S Corporation Taxation: Advanced Issues

 

   

 

 
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Overview

4.0 Credits

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.

Objectives

  • Discuss the conversion of a C corporation to an S corporation
  • Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
  • Describe the rules governing the liquidation of an S corporation
  • Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues
  • Be familiar with the results of the case studies that reinforce key learning points

Major Topics

  • Detailed rules governing basis in the shareholder's debt and stock
  • AAA
  • Built-in gains incurred from the sale of assets
  • Redemptions and liquidations
  • Compensation planning for shareholders

Designed For

CPAs whose practices include S corporations and their shareholders
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