S Corporation Taxation: Advanced Issues Webcast [SCA4]
Time: 08:30am-12:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $175.00
Non-member: $240.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on September 18, 2023. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
S Corporation Taxation: Advanced Issues Webcast (SCA4)September 19th, 2023 / 8:30 am 12:00 pm
Live Webcast / Zoom
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.
Major Topics:
- Detailed rules governing basis in the shareholder's debt and stock
- AAA
- Built-in gains incurred from the sale of assets
- Redemptions and liquidations
- Compensation planning for shareholders, including planning strategies under the SECURE Act
- Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable
Learning Objectives:
- Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
- Describe corporate level taxes
- Describe the rules governing the redemption and liquidation of an S corporation
- Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation
-Be familiar with the results of the case studies that reinforce key learning points
Designed For: Accounting and financial professionals whose practices include S corporations and their shareholders
CPE Credits: 4, Taxation
Level of Knowledge: Advanced
Prerequisite: Experience in S corporation tax return preparation
Acronym: SCA4
Discussion Leader: Susan Smith, CPA
