S Corporation Essentials: Review & Update

Overview

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 terri.storer@acpen.com

Delivery Method: Individual webcast

CPE Credit: 4

Program Level: Intermediate

Highlights

• Recent tax legislation, rules, and developments impacting S-corporations
• S corporation shareholder basis in stock and debt
• S corporation open account debt
• Limitation of deduction of losses
• AAA and distributions

Prerequisites

Basic working knowledge of business and S Corporation taxation

Designed For

Experienced practitioners with S-corporation clients and members in industry working for an S-corporation

Objectives

• Apply the latest tax rules and regulations of S-corporations
• Distinguish and define complex S-corporation issues

Preparation

None