Virtual
S Corporations: Qualification Requirements 2024
Date: Feb. 12, 2025
Time: 11 a.m. – 12 p.m. PT
CPE: 1
Member
$49.00
Nonmember
$59.00
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Overview
The use of an S corporation election can dramatically affect the tax consequences of owning a corporate business. This course focuses on the requirements that must be satisfied to make and retain this tax election.
Product Code
1000002900-126191
Credit Type
CPE: 1CPE-Technical: 1Intended Audience
CPAs
NASBA Field of Study
Taxes
Level of Difficulty
Overview
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Qualified shareholder requirement
- Trusts as shareholders
- Estates as shareholders
- Qualified tax exempt shareholders
- Tax planning ideas to accommodate economic investments by disqualified investors
- Special rules for counting the number of shareholders
- One class of stock requirement
- Indirect preferences creating risk of failing one class of stock requirement
- Disqualified corporations
- Making an effective S corporation election
- Relief for late or defective elections
- Inadvertent termination relief for involuntary terminations
Other Dates
Faculty
John G McWilliams
John McWilliams, CPA, JD. has been a professor of accounting at Golden Gate University and San Francisco State University. He began his career as a tax adviser with a Big Four CPA firm. For more than 40 years, while teaching, he has been a tax adviser to lawyers and CPAs regarding the tax matters of their clients. His areas of expertise include tax issues related to buying and selling privately held businesses, financially troubled businesses,...
More about John G McWilliamsAdditional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.