S Corporations: Comprehensive walk through of Form 1120S (C68775)

Log In to Register

Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

06/25/2025

Registration Open:

12:00 AM - 8:00 AM

Time:

8:00 AM - 4:00 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

8.00

Field(s) Of Study:

Taxes (8.00)

Level of Knowledge:

Intermediate

Price:

Member: $239.00
Nonmember: $259.00

Individual Discounts:

Not Available

Overview

After attending this presentation, you will be able to...

  • Compare S Corporations to other entity structures to assess suitability.
  • Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19.
  • Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3.
  • Analyze I.R.C. §:1361 and §:1362 in the context of S Corporation elections and compliance.
  • Identify and address S Corporation eligibility errors and implement corrective measures.
  • Apply corporate governance procedures and corporate formalities.
  • Assess shareholder stock and debt basis rules and implications.
  • Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans.
  • Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3.
  • Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.

Highlights

The major topics that will be covered in this course include:

  • Subchapter S status election and compliance requirements
  • Relief for late Form 2553 filings under Rev. Proc. 2022-19
  • Comparison of Rev. Proc. 2022-19 and Rev. Proc. 2023-3
  • I.R.C. §:1361 and §:1362 analysis for S Corporation elections
  • Corporate governance and formalities compliance
  • Shareholder stock and debt basis rules
  • Built-in capital gains and other aspects of Form 1120S
  • Schedules K-1, K-2, and K-3 preparation and reporting requirements
  • Officer reasonable compensation: requirements, advisory strategies, and audit defenses
  • S Corporation eligibility errors and corrective measures

Speaker(s)

Prerequisites

None