Self-Study
2
Overview
Taxes
There are no prerequisites.

Course Description

S corporations are subject to different tax rules than other types of entities. This informative course guides you through the intricacies of S corporation formation, taxation, and termination. The numerous advantages and disadvantages of this entity are also identified to help you determine whether the S corporation is suitable for your clients. You'll learn how eligible domestic corporations can avoid double taxation by electing to be treated as an S corporation. Plus, you'll learn how Subchapter S provides an optional method of corporate taxation and allows small business corporations to elect unusual tax treatment.



Instructor

Danny Santucci, JD

Danny Santucci, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later, he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas, working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning.

As a speaker to more than 100 groups nationally each year—including those attending Western CPE conferences—he’s known for spicing his extensive expertise with an incredible sense of humor. Danny also produces several taxation self-study courses, many of which are included in Western CPE’s best-selling Online MegaTax Library.



Course Specifics

Taxes
Feb 1, 2017
There are no prerequisites.
SS8132154
75
None


Compliance Information

103220
IRS Provider #: 0MYXB IRS Course ID: 0MYXB-T-00360-13-S IRS Federal Tax Update Credits: 2
CTEC Provider #: 2071 CTEC Course ID: 2071-CE-0410 CTEC Federal Tax Update Credits: 2 Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Note advantages and disadvantages of an S corporation
  • Recognize the requirements for electing S corporation status and setting up an S corporation, noting characteristics of S corporation shareholders and stock
  • Identify circumstances where a corporation's status as an S corporation may be terminated, noting effective dates for termination as well as termination year taxation allocations and annualization
  • Recognize S corporation taxation requirements and tax treatment for income and expenses, pass-through items, built-in gains, passive income, accumulated adjustments accounts, net operating losses, tax preference items, and potential capital gains taxes
  • Note the requirements and tax treatment for S corporation fringe benefits



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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