If you or your clients own an S corporation, this course is just for you! TaxSpeaker’s® S Corporations from A-Z class is always up-to-date for the latest legislative changes, guiding participants through all things S corp. We include both instruction and practice to deliver a thorough comprehension of how to prepare tax returns for S corporations. This involves full guidance through formation rules and elections, plus potential late elections, and terminations (including mid-year issues).
We will also cover common operating tax issues encountered with S corps, such as owner fringe benefits, pension plans, reasonable compensation and income allocations. To conclude the course, your instructor will review with you any unusual S corporation needs you may need to be prepared for: terminating the S election, built-in gains taxes, Q-subs, and the extra rare 338 step-up election.