S Corporations: Key Issues, Compliance, and Tax

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

Additional Information

Designed For

Tax professionals


American Institute of CPAs


8.00 Taxes

Course Number


Level of Knowledge


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