S Corporations - Mini CourseCode: 16-SCORP2

Price: $29.95
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Course Details

66 pages

Course description and objectives:

In this course, the intricacies of setting up and terminating an S corporation are detailed and taxation is discussed. The numerous advantages and disadvantages of this entity are identified to help practitioners determine whether the S corporation is most suitable for their clients. Eligible domestic corporations can avoid double taxation by electing to be treated as an S corporation under the rules of Subchapter S. Subchapter S provides an optional method of corporate taxation and allows small business corporations to elect unusual tax treatment. The S corporation is taxed like a partnership, but in other respects, S corporations are taxed like C corporations.

Course Objectives:

After reading the materials, participants will able to:

1. Analyze a client's potential use of the S corporation format by listing its tax advantages and disadvantages, describing the requirements for an S corporation election, identifying eligible S corporation shareholders, explaining the one-class-of–stock regulations, and pointing out the ways an S corporation election can be terminated.

2. Explain the operation of S corporation taxation by:

a. Describing the application of passive income taxation, accumulated adjustments accounts, built-in gains, tax preference items, and potential capital gains taxes,

b. Determining a shareholder’s stock basis from capitalization and loan activity,

c. Discussing the related party rules including their impact on deductions, available fringe benefits, and tax forms to use when filing as an S corporation.

  

Presentation Method:  Self-Study

 

Category:  Taxation

CPE credit:  3 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.   Complaints regarding registered sponsors may be addressed to:  National Registry of CPE Sponsors, 150 Fourth Ave. North, Nashville, TN 37219-2417.  Web site:  www.nasba.org

NASBA Sponsor number 108096

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S Corporations - Mini Course
R.T. NY
12/18/2015
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R.H. MT
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S.K. NY
10/29/2015
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J.W. UT
10/28/2015
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J.R. MI
06/29/2015
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M.P. TX
05/04/2015
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K.E. PA
01/09/2015
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S Corporations - Mini Course-15
L.P. SC
12/31/2014
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R.L. MT
12/30/2014
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D.J. NJ
12/27/2014
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S Corporations - Mini Course-15
J.S. NY
12/23/2014
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S Corporations - Mini Course (3 CPE Hours) 2012-13
J.G. MI
12/14/2014
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S Corporations - Mini Course-15
C.F. AZ
09/06/2014
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