Before this CPE webcast course, professionals dealing with S corporations might find themselves in a quagmire of compliance issues, struggling to understand the intricacies of maintaining their S corporation status. Missteps in elections and stock classifications can lead to significant tax implications and legal complexities.

This CPE webcast course serves as a bridge to navigate these challenges effectively. It offers an in-depth analysis of the common causes of noncompliance within S corporations and the available remedies. You will learn the differentiation between issues that can be addressed at the IRS Service Center level and those that necessitate a ruling from the IRS National Office. The online CPE course also delves into the specific challenges of limited liability companies that choose S corporation status, providing clear guidelines for internal corrections and when to seek external rulings. Post-course, you will be adept at identifying and resolving compliance issues, ensuring the stability and benefits of S corporation status for your clients or organization, and enhancing your role as a trusted tax advisor.