[WEB] S Corporation Tax Workshop

Course Details

Date

Thursday, December 11, 2025

8:30am – 4:00pm
(Registration: 8:30am)

Course Number

STW

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Accountant's Education Services (AES)

Prerequisites

Knowledge of S corporations.

Description

This course is designed to identify the basic rules and regulations that apply in filing a Form 2553 and preparing a Form 1120S. 

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course the participant will be able to:

  • Summarize the seven basic factors that are commonly taken into account in advising a client as to the preferred way to operate a trade or business.
  • Discuss the check-the-box regulations.
  • Describe the procedural rules that apply to filing Form 1120S and filing Form 2553, including filing a late Form 2553 and the penalty for late filing a Form 1120S.
  • Recognize the IRS audit issues as they relate to an S corporation.
  • Identify the eligible owners of an S corporation.
  • Describe the types of trusts eligible to own S corp stock; when to use an ESBT or QSST.
  • Discuss S corporation operational problems including filing Form 2553, selection of tax year end, methods of accounting, calculation of taxable income, fringe benefits available, the treatment of health insurance premiums, reasonable compensation.
  • Describe the effect of the S election on the corporation, including the types of income taxes that are imposed on an S corporation and making the PTE election.
  • Discuss the effect of the S election on shareholders: allocation of S corporation income and separately stated gain, loss, deduction, and credit; calculation of shareholders' basis and limitation on loss deductibility; distributions from an S corporation; AAA and Schedule M-2.
  • Calculate the deduction for qualified business income under §199A.
  • Describe the events that will cause termination of the S election: vote of shareholders, ceasing to be an S corporation, passive investment income test, and converting an LLC taxed as an S corporation to an LLC taxed as a partnership.
  • Prepare a Form 1120S and report stock and debt basis on Form 7203.

Designed For

 

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by December 2, 2025.

$280.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$330.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by December 2, 2025.

$430.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$480.00
Your Price $430.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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