(800) 222-2270


S-Corps A-Z 2017 Bill Leonard

On October 5, 2017

$295 for Members
$350 for Non Members Become Member

The discussion of S Corporations begins with formation issues & tests and includes elections using Form 2553, late "S" elections, allowed shareholders, reasonable compensation, basic rules, distributions and accounting issues as well as the use of ESBT's, QSST';s and the Q-Subf.  

The "S" discussion provides the forms, elections and statements needed to convert a sole proprietor to an S Corporation or to convert an LLC to an S Corporation, as well as the guidance needed to convert a C Corporation.

The rare 338 step-up election for S Corporations is discussed in example form and we also provide the instructions and elections to make a deemed dividend election or to distribute E&P before AAA.  

We also discuss troublesome operating issues such as officer compensation, suspenced losses and non-cash distributions.  We analyze the effects of fringe benefits on the owner of he S Corporation.  The course includes in-depth discussion of the new built in gains permanent change and concludes with a case study on S Corporation liquidations.


Start: October 5, 2017 08:00 am Cost: $295 - $350
End: October 5, 2017 04:00 pm Category: Taxes
CPE Hours

8 Hours Federal Tax

IRS Program Number





2-4 years tax preparation experience

Field of Study


Holiday Inn Itasca
860 W Irving Park Road
Itasca, IL 60143
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Organized By: IAAI
IAAI has always been dedicated to increasing and maintaining a high standard of proficiency and integrity among its members; cultivating a spirit of professional cooperation among its members; and establishing good will and understanding between the public and the membership.
Address: P.O. Box 1506
Galesburg US,61401-1506
Phone: 800-222-2270
Email: iaai@grics.net
Website: http://illinoisaccountants.com
Bill Leonard

Bill Leonard CPA, CFFA holds licenses and memberships in Massachusetts, Rhode Island, Alaska and Singapore. He is the sole shareholder of W.A. Leonard & Company, P.C. and PT W.A. Leonard employing sixteen multi-lingual professionals that focus on meeting the needs of small businesses, individuals and fiduciaries. A graduate of Bentley University and Babson College, Bill has been in practice since 1981. He has over twenty years of college and seminar teaching experience.

Past Seminar