Virtual
S Corporation (Form 1120S) – Formation to Liquidation 25-26
Date: July 15, 2025
Time: 8 a.m. – 3:30 p.m. PT
Member
$329.00
Nonmember
$439.00
Members, log in to access your discount.
Overview
With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a S corporation course focusing on the birth, growth, maturity, and death of a closely held S corporation. This case driven course will deal with S corporation income tax laws from formation to liquidation.
This class will review S corporation tax law by looking at case studies addressing issues and problems at both the S corporation and shareholder level. Each attendee will receive the most comprehensive reference manual with numerous practice aids and real-world examples and case studies.
Product Code
1000003975-132920
Credit Type
CPE: 8CPE-Technical: 8CTEC-TX: 8IRS-TX: 8MCLE LS-TX: 6.5Intended Audience
Tax professionals (in public or private industry) seeking a case driven income tax return course addressing many common, yet complex Federal S corporation issues and problems.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
None.
Advance Preparation
Background in S corporation and individual income tax law.
Learning Objectives
Major Subjects
- Extensive review of the S corporation tax laws with an emphasis on any new legislative changes including any TCJA provisions expiring after 2025
- Requirements to make an S election (i.e., types and numbers of shareholders and second class of stock issues)
- Fixing late S corporation elections (i.e., Form 2553)
- S corporation formation (§351) and liquidation issues
- Revocation and termination of S corporations
- Schedule K and K-1 – separately stated versus non-separately stated income and expense items
- Detailed Schedule K-1 reporting including the 20% qualified business income (QBI) deduction and 3.8% net investment income tax
- Compensation issues including the tax treatment of fringe benefits
- Built in gains tax and other planning opportunities when converting a C to S corporation
- Preparation of the Schedule M-2 and the ordering rules for distributions out of the AAA, PTI, E&P and OAA accounts
- Tax treatment of stock redemptions (sale or distribution?)
Other Dates
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.