S Corporations: Key Issues, Compliance, and Tax
Tuesday, January 7, 2020
Join this webcast and learn how to speak effectively to new and current clients about how you can make the S Corporation business model work for them. We'll cover the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation, so you can feel comfortable explaining it to your clients. This webcast will explore the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.
- Recall the advantages of electing S Corporation status.- Identify the requirements to qualify for an S Election. - Recognize individuals and entities that are eligible to own. - S Corporation stock. -Recall how to make a proper S Corporation election. - Recall how income or loss passes through the S Corporation to the shareholders. - Recognize the complex rules of distributions. - Recognize active and passive income and determine material participation. - Recall key points related to the Section 179 deduction.
Key topics:- S Corporation qualifications - Election of S Corporation status - Termination or revocation of S Corporation status - Pass-through of income and loss items to the shareholder - Distributions to S Corporation shareholders - Reporting and filing requirements - Choice of year-end - Shareholder basis