S Corporations: Key Issues, Compliance, and Tax Strategies

New or existing clients and business need assistance with the most misunderstood areas of S Corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S Corporation status and why more business taxpayers favor the pass-through entity over the C Corporation. This course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about how you can make the S Corporation business model work for them.
Objectives
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 and how income or loss passes through the S Corporation to the shareholders.
Designed for:
Staff and senior associates in public accounting who assist clients with tax compliance for closely held S Corporations.