6 Credits: Taxes
Event Date: November 16, 2023 7:30 am
This one-day course is up to date with all significant legislative, administrative and judicial developments up to the date of presentation. It includes S corporation eligibility and election requirements, basis and other loss limits, taxable and net investment income, distributions compensation, and entity structuring. It also includes state-specific rules regarding entities and taxes.
Upon completion of this course, participants will be able to:
- Understand the basic requirements of S corporation eligibility;
- Determine the pass-through of income, loss and other items from the S corporation to the shareholder;
- Calculate basis in stock and debt, including adjustments;
- Understand the compensation rules applicable to S corporation shareholder-employees;
- Calculate an S corporation’s built-in gain;
- Be aware of multiple entity structures; and
- Grasp the options for purchase and sale of an S corporation.
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02351-23-I
IRS Federal Tax Law Credits: 6
CFP Provider Number: 3199
CFP Course Number: 315003
CTEC Course Number: 2071-CE-1917
CTEC Federal Tax Law Credits: 6
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Robert “Bob” W. Jamison, CPA, Ph.D., is Professor Emeritus of Accounting at Indiana University, Purdue University, Indianapolis (IUPUI). His principal area of specialization is S Corporations. He is the sole author of S Corporation Taxation, and co-author of Multistate Tax Guide to Pass-Through Entities, both of which are published annually by CCH, a Wolters Kluwer business. He is the author of the 2022 edition of Essentials of Federal Income Taxation, published annually by CCH, a Wolters Kluwer business. Bob is a well-known author and speaker on S Corporations. He is curator of Wolters Kluwer Answerconnect Topic “S Corporations” and subtopics …