Advanced Tax Planning S Corporations - Tax Staff Essentials
7.50 Credits
Member Price $279
Non-Member Price $349
Overview
Intricacies of the S corporation form
S corporations represent a special tax structure with unique rules and limitations. For those who’ve mastered the basics of the S corporation form, this course delves into advanced matters related to the ever-popular form:
Updated for recent developments, including H.R. 1
It's important to stay current on legislation and IRS publications that affect S corporations, including H.R. 1, commonly referred to as OBBBA. Learners also gain insight into instances in which the IRS has permitted cures of a defective S corporation election or an involuntary S termination.
The course also includes:
Part of Tax Staff Essentials Level 4
This self-study online course is part of Tax Staff Essentials Level 4, a comprehensive learning program that provides tax managers, directors, and partners with the advanced technical training required to work with their most sophisticated clients.
Highlights
Prerequisites
Foundational knowledge of S corporation taxation
Designed For
Objectives
- Calculate an S corporation shareholder's stock basis at the end of a taxable year
- Calculate gain and loss on the distribution of property.
- Evaluate the rules concerning fringe benefits received and expenses incurred by S corporation shareholder-employees.
- Apply the rules relating to qualified Subchapter S subsidiaries (QSubs).
- Assess the corporate reorganization rules on S corporations.
- Evaluate the effects of a shareholder's death on an S corporation.
- Calculate the Section 199A deduction.
Leader(s):
Leader Bios
Deborah Phillips, Discussion Leader, Surgent McCoy CPE, LLC
Deborah A. Phillips, MST, CPA, is a Senior Manager in the Flow Through Issue Practice Group (IPG) in Pre-filing Technical Guidance (PFTG) in the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS). This IPG specializes in S corporation and partnership tax issues in LB&I.
Ms. Phillips began her career with the IRS more than 31 years ago and has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations Executive Assistant to the Deputy Commission International, the Technical Executive Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry and the IRC Section 263A Technical Advisor. She taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 17 years as well as a respected instructor within the IRS.
Ms. Phillips earned her master’s degree in taxation from Widener University.
Non-Member Price $349
Member Price $279