Idaho Society of CPAs

S Corporations: Key Issues, Compliance and Tax Strategies

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  • Date/Time
    • Jun 12, 2025
    • Sign In: 8:30am (MT)
    • Program: 9:00am - 12:30pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA Adobe Platform Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Taxes (Technical) (4.00)
  • Prerequisites

    • None

  • Vendor
    • AICPA
  • Level
    • Beginning
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

The S corporation form is often misunderstood. With a solid foundation in S corporation taxation, you can explain to clients how they can use the tax status to their advantage. You'll become prepared to explain the benefits and drawbacks of electing S corporation status and why business taxpayers may favor pass-through entity treatment over the C corporation. This course will give you the knowledge you need to speak effectively to potential business clients and existing shareholders about the S corporation business model that may work for them.
  • Qualifies for IRS CE


This event is part of ISCPA's 2025 Tax School, designed to provide a convenient, comprehensive education about tax fundamentals for early-career tax staff in a series of courses. This series, designed for the ever-changing and complex world of tax, features high-quality presentations and an interactive, colleague-to-colleague approach to ensure participants develop the skills to apply their knew knowledge in practical settings.

Designed For

  • Public accounting firm staff and senior associates, CPAs, and S corporation tax filers

    • Objectives

    When you complete this course, you will be able to:

    • Recognize when an S corporation may be advantageous for a business.
    • Identify the potential disadvantages of operating as an S corporation.
    • Identify permitted fiscal years, elections, and user fees.
    • Recognize when the Selection becomes effective.
    • Identify shareholder consent rules and causes of invalid elections.
    • Recognize events causing involuntary termination.
    • Recall the path to making a new election after termination.
    • Recognize when an S corporation is subject to tax at the entity level.

    Highlights

    • Advantages and disadvantages of S corporations
    • Electing S corporation status
    • Termination of S corporation status
    • S corporation tax on built-in gains
    • S corporation pass-through to shareholders, basis, and losses
    • S corporation distributions
    • Taxable year of S corporations
    • S corporation passive activity rules, fringe benefits and other considerations

    Advanced Prep

    • Download PDF manual - view your upcoming events in "My CPE" on website
    • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar

     

    If you need this reported to the IRS for CE credit, email CPE@idcpa.org

    Register Now

    Or In Person

    Leaders

    William Taylor

    William (Bill) F. Taylor, CPA is a professional speaker and a CPA with a small tax and consulting practice. Bill is also an Adjunct Assistant Professor in the Masters of Business Administration program at the University of Mississippi. He recently retired as President of Renasant Bank in Water Valley, MS.

    Bill has worked in the Accounting, employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals and Actuaries, more than 40 state CPA and Bar associations and other organizations. He was awarded the AICPA Outstanding Discussion Leader award multiple times and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE . Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

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