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

Tax planning strategies for new businesses considering electing S corporation status, and the pros and cons of switching from a C corporation to an S corporation.

Learning Objectives:

- 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 S election 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.

Who will benefit:

- public accounting Firm staff and senior associates

- CPAs

- S corporation tax filers

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.