2022 S Corporation Update: Developments You Need to Know (Completed)
Date: Tuesday, November 29, 2022
Instructor: Greg White
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC
2 hours Federal Tax Related for OTRPs |
|
We’ll cover a brand new “Practice Unit” released by the IRS in 2022. We’ll also cover new cases, changes in Form 1120S, and new administrative guidance.
Who Should Attend
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Topics Covered
- New cases addressing reasonable compensation for shareholders
- Changes to Form 1120S Schedule K-1
- IRS Form 7203
Learning Objectives
- Recognize how to determine proper reasonable compensation for shareholders
- Identify circumstances where S corp status is inadvertently terminated (and how to fix inadvertent terminations retroactively)
- Describe rules for computing reasonable compensation for shareholders
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of S Corporations.
Advance Preparation
None
