2024 S Corporation Essentials: Review & Update

Overview

This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Recent tax legislation, rules, and developments impacting S-corporations
• S corporation shareholder basis in stock and debt
• Schedules K-2 and K-3 reporting
• Basis of indebtedness
• S corporation open account debt
• Limitation of deduction of losses
• AAA and distributions

Prerequisites

Basic working knowledge of business and S Corporation taxation

Designed For

Experienced practitioners with S-corporation clients and members in industry working for an S-corporation

Objectives

• Apply the latest tax rules and regulations of S-corporations
• Identify shareholder basis and how to report it
• Distinguish and define complex S-corporation issues

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.