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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
S Corporations: Key Issues, Compliance, and Tax StrategiesCOURSE ID: SCORP
DESCRIPTION

Get the knowledge you need to speak effectively to new and current clients about how you can make the S Corporation business model work for them. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why business taxpayers favor the pass-through entity over the C Corporation. Discuss the most misunderstood areas of S Corporations taxation and how businesses and shareholders can use them to their advantage.

DESIGNED FOR: Staff and senior associates in public accounting who assist clients with tax compliance for closely held S CorporationsFIELD OF STUDY: TaxesLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: AICPACREDITS: 8.0OBJECTIVES:
  • 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.
HIGHLIGHTS:

• 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

INSTRUCTOR
-TBD-
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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