NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
S-Corporation Essentials - Stock and Loan Basis and More
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Online Registration Form
Date: August 26, 2020
Location: German American Society, Omaha
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting. The impact of recent legislation on the tax structure of S and C corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations.
Objectives
* Apply the latest tax rules and regulations of S corporations * Discuss the new Section 199A rules and regulations and how their significant impact S corporations * Distinguish and define complex S corporation issues.
Highlights
* Recent tax legislation, rules and developments impacting S corporations * Shareholder stock and loan basis reporting on Form 1120S Schedule K-1 * New Section 163(j) business interest expense limitation * Guide to applying the new Section 199A deduction * Filing deadlines and extensions * New rules on meals and entertainment expense reporting * Issues in becoming an S corporation * Basis of stock and debt * AAA and distributions * Fringe benefits * Built-in gains tax * Section 1375 passive investment income penalty tax
Who Should Attend
Experienced practitioners with S corporation clients and members in industry working for an S corporation, or those seeking and update on thorny S corporation issues.

Course Level Intermediate
Prerequisites Basic working knowledge of S corporations
Course IDSCES
Discussion LeaderVan Der Aa Tax Ed, LLC - Douglas Van Der Aa, CPA
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $300 - Society Member
$350 - Society Nonmember
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7435 O Street, Suite 100
Lincoln, NE 68510
(402) 476-8482
(800) 642-6178
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