Conference
S Corporations in Practice: Key Tax Rules and Compliance Issues
$399.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Taxes
Event Date: May 20, 2026 9:40 am
Course Level
Intermediate
Format
Conference
Course Description
This course provides a focused review of the S Corporation tax rules and compliance issues commonly encountered by tax professionals. Participants will examine Subchapter S eligibility, Form 2553 filing requirements, late election relief, shareholder basis, and key Form 1120S considerations. The course also addresses corporate formalities, officer reasonable compensation, eligibility errors, corrective measures, and audit-sensitive compliance issues. Practical examples help participants identify common risks and apply appropriate advisory approaches for S Corporation clients.
Learning Objectives
Compare S Corporation tax treatment with other entity structures for common client situations. Apply Form 2553 filing requirements and late election relief concepts to S Corporation matters. Analyze shareholder basis, reasonable compensation, and Form 1120S reporting issues. Determine corrective approaches for common eligibility, governance, and filing errors.
Course Specifics
26CNewOrleans-Wed-B1
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02803-26-I
IRS Federal Tax Law Credits: 2
CFP Provider Number: 3199
CFP Course Number: 349496
CFP Credits: 2
CTEC Course Number: 2071-CE-02246
CTEC Federal Tax Law Credits: 2
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
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and …