2017 S Corporation Update (Completed)

S corporations continue to play an important role in business structure. If the specific rules and requirements are not followed, this special tax status may be lost resulting in significant increases in corporate taxation. This course will focus on new cases and rulings with specific attention to avoiding traps and pitfalls.

Who Should Attend
All practitioners involved in corporate return preparation and transactions.

Topics Covered

• S Corporation: Election and Qualification
• Passive Activity and 3.8% Medicare Surtax
• Loss Utilization and Basis
• Open Account Debt Regulations
• Shareholder Loans
• Compensation Issues

Learning Objectives

• Identify how to avoid traps and pitfalls in S corporation business structure
• Recognize new opportunities and risks in corporate taxation
• Identify planning opportunities for your client

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of S corporations.

Advance Preparation
None