Robert W. Jamison, CPA, Ph.D.

Webcast - 2 Credits - Taxes

Become an expert at the fundamentals of S corporation tax returns through a detailed two-year case study. This course offers hands-on experience and a practical guide to forms and filing requirements, helping you understand loss carryovers, shareholder bases, and more. Perfect for tax preparers with little experience handing S corporations or those needing a refresher, completing this course will leave you better equipped to manage S corporation tax affairs.

Robert W. Jamison, CPA, Ph.D.

Webcast - 4 Credits - Taxes

Analyze a case study to demystify the intricate processes surrounding S Corporations, specifically the nuances of their purchase and sale. The course examines the gains and losses realized in these transactions and highlights the basic structures for transferring a business, whether through asset or stock. It covers tax-free reorganizations, qualifying transactions, and the sale of assets, considering the tax consequences for both buyers and sellers while emphasizing proper asset classification and allocation of costs.

Robert W. Jamison, CPA, Ph.D.

Webcast - 4 Credits - Taxes

Gain insights into the complex world of estate planning for S corporations. This course highlights crucial aspects like shareholder eligibility, company-owned life insurance, special valuation challenges of S corporation stock, and methods to efficiently shift value to successors. You’ll cover the nuances of estates, trusts, and specialized instruments like the intentionally defective trust, GRAT, and GRUT. Explore essential tax forms, disclosures, and their overarching implications while developing a greater knowledge of estate and succession planning.

Robert W. Jamison, CPA, Ph.D.

Webcast - 4 Credits - Taxes

In the dynamic field of S corporation taxation, professionals face the challenge of understanding complex scenarios that span multiple tax years, involving losses, gains, and various shareholder interests. This S corporation tax CPE class offers a comprehensive exploration of these challenges through a practical two-year case study.

The first part of the study delves into a year of losses, highlighting the treatment on the corporation and each shareholder, and detailing the preparation of crucial tax forms and schedules for 2021. The second part shifts to a year of income, demonstrating how previous losses can be offset, and includes the complexities of acquiring another S corporation. This hands-on approach provides participants with deep insights into preparing and understanding forms such as Form 1120-S and shareholder Form 7203, calculating stock and debt basis limitations, and managing built-in gains tax. By the end of this online S corporation taxation CPE course, participants will be adept at handling a range of S corporation tax situations, enhancing their capability to advise clients and manage corporate tax responsibilities effectively.