S Corporations: Key Issues, Compliance, and Tax Strategies - Tax Staff Essentials

Presented by Deborah Phillips

Presentation type = pre-record/rebroadcast

New or existing clients and businesses need assistance with the most misunderstood areas of S corporations taxation and how they can use them to their advantage. Be prepared to explain the benefits and drawbacks of electing S corporation status and why bu

Public accounting firm staff and senior associates

CPAs

S corporation tax filers

• Determine when an S corporation may be advantageous for a business.
• Identify the potential disadvantages of operating as an S corporation.
• Identify the requirements that must be met to qualify as an S corporation.
• Recognize individu

S corporation qualifications

Election of S corporation status

Termination or revocation of S corporation status

Pass-through of income and loss items to the shareholder

Distributions to S corporation shareholders

Reporting and