Course ID: INTSCORPT

Intermediate S Corporation Taxation

Congress created an attractive business entity with the S corporation rules, given that all shareholders have both single taxation and limited liability. Learn the computation of the shareholder’s basis, loss limitations, the effect of distributions to the corporation and the shareholder, and the potential applicability of S corporation taxes. Participants will be able to determine whether S corporation status could be the best entity choice for their clients. In class activities will be included to help facilitate the participant’s learning.

In-person and live webcast CPE credit: 4.0

Learning Objectives

After completing this course, you will be able to:

Calculate a shareholder’s basis in their stock and the limitations on the deductibility of flowthrough losses.
Determine the tax effects of S corporation distributions to the shareholder and the corporation.
Calculate the taxes that an S corporation may have to pay.

Major Topics

Shareholder’s basis in S corporation stock and loss limitations
Taxation of S corporation distributions
S corporation taxes

Advanced Preparations

None

Who Should Attend

Third year, seniors, or supervisors

Fields of Study

Taxes

Prerequisites

Entry level corporate and S corporation taxation knowledge

Provider

Business Learning Institute

CPE Credits

4.0

Level

Intermediate

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