Get a comprehensive review of the laws and regulations impacting S corporations. Be prepared to handle the IRS’ 2017 announcement that targets the improper reporting and calculations of stock basis.
Course topics cover issues surrounding reasonable compensation, distribution taxation, the use of Qualified Subchapter S Subsidiaries, allocation of annual operational income and loss and proper methods for calculating basis of stock and debt calculations. Learn how to properly prepare a Form 1120S by addressing difficult compliance issues and common errors.
General knowledge in individual and S corporation income taxation.