NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Advanced Critical Tax Issues for S Corporations

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Online Registration Form

Date: December 06, 2018
Location: Quarry Oaks Golf Club
16600 Quarry Oaks Dr
Ashland, NE 68003
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.
Objectives
* Understand how stock basis, AAA, and other limitations are determined * Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule * Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions
Highlights
* Cases, rulings, and tax law changes affecting S corporations * Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues * Use of redemptions: still some advantages * Planning for the liquidation of an S corporation * Tax issues for family ownership of S corporation stock * Impact of the tax on net investment income on sales of S corporation stock * Stock basis: Loss limitations, AAA, and distribution issues in depth * Debt basis: what the regulations on back-to-back loans mean to investors * Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance * Built-in gains: the 5-year recognition period is permanent * S corporation structuring: one class of stock * Methods of accounting * Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates
Who Should Attend
All practitioners and controllers who have attended a basic S corporation course and want to understand more complex issues and their practical implications

Course Level Advanced
Prerequisites A basic course in S corporations; some experience in advising S corporations and their shareholders
Course IDACTS
Discussion LeaderEdgar Gee, Surgent
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site.
Fee: $255 - Society Member
$285 - Society Nonmember
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635 S. 14TH ST. SUITE 330
LINCOLN, NE 68508
(402) 476-8482
(800) 642-6178
(402) 476-8731