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

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.

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

">
 Chat — Books Support