Course

S Corporation Essentials: Stock & Loan Basis Reporting

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Event Details

Wednesday, August 24, 2022

8:00am – 4:00pm
(Registration: 7:30am)

Location

Hilton Garden Inn

2465 Grant Rd

Billings, MT 59102

406-655-8800

Field of Study

  • Taxes

CPE Credit

8 hours CPE credit

Course Code

SCSLR-06

Instructor

Level of Knowledge

Intermediate

Vendor

Van Der Aa Tax Ed LLC

Prerequisites

Basic working knowledge of S corporations.

Description

All materials will be electronic only

This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting. The impact of recent legislation on the tax structure of S and C corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations.

Highlights

  • Recent tax legislation, rules and developments impacting S corporations
  • Shareholder stock and loan basis reporting on Form 1120S Schedule K-1
  • New Section 163(j) business interest expense limitation
  • Filing deadlines and extensions
  • New rules on meals and entertainment expense reporting
  • Issues in becoming an S corporation
  • Basis of stock and debt
  • AAA and distributions
  • Built-in gains tax

Objectives

Upon completion of this course you will be able to:

  • Apply the latest tax rules and regulations of S corporations.
  • Discuss the new Section 199A rules and regulations and how their significant impact S corporations.
  • Distinguish and define complex S corporation issues.

Designed For

Experienced practitioners with S corporation clients and members in industry working for an S corporation, or those seeking and update on thorny S corporation issues.

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