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S Corp Core Tax Issues: Formation Through Liquidation

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Overview

As they gain more experience, staff are expected to take on more complex assignments with minimal supervision. The course is designed to assist experienced staff to take the next step by taking a deeper analysis into critical issues affecting the entire life-cycle of present S corporation clients. Discussions utilizing real life examples are designed to allow intermediately experienced participants to analyze and solve problems, such as they may face within their own offices.

Prerequisites

Basic knowledge of S corporation taxation

Objectives

  • Prepare more complicated S corporation returns Understand certain advanced concepts of S corporation taxation Protect S corporation clients from falling out of S corporation eligibility

Highlights

  • Applicable coverage of recent tax acts and any new legislation enacted before presentation The Light Brigade failed due to poor instructions; let's follow the right path in basis calculations Current private letter rulings reveal the failure in one or more S corporation eligibility requirements inadvertently terminating S corporations today Inherited a new client with reporting errors? What are my options? Debt vs. equity and 385; Federal Express battled and won, how do we? The $100/day penalty final rule applicable to S corporations Congressional Budget Office is next in line suggesting SECA tax on pass-through entities Tracking multiple shareholder debt basis Basis neither increased by phantom income, nor reduced by nondeducted pass-through losses Can I accrue expenses payable to a shareholder? Sure, but can I deduct them? How 179 limitations affect S corp. basis Comparison of liquidation of a C corporation vs. the liquidation of an S corporation Did not timely file Form 2553? A simple method to correct * Is there a "flexible standard of law" in regard to closely held entities?

Event Code:

SCTI1019

8 CPE Credits
Tax: 8 Credits

Registration

Member Price:
$339
Non-member Price:
$439

Online registration for this course is currently closed. To register for this course, please call us at (800) 292-1754.

Friday, October 19th

8:00am to 4:00pm
(Check-In 7:30am)

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Gratzer Education Center

1735 Alliant Ave.
Louisville, KY 40299

Map and Directions

Instructor

Robert Gilwee