Webcast: S Corporations Workshop

Understanding the key S corporation issues is an important focus for CPAs. In this course you will closely examine key code sections and regulations, as well as review S election procedures; analyze adjustments to a shareholder's stock and debt basis; explore computation of various S corporation equity accounts (AAA, OAA, E & P and PTI) and calculate the tax treatment of distributions. You will also study selected corporate and shareholder elections, and, time permitting, discuss the significance of the taxes on excess passive income and built-in-gains.