Bundle
Small Business and Advanced Tax Planning
$245
$140.25 - $208.25
Discount:
15% off
No. of Products: 2
CPE Credits:
19
Advanced Tax Planning S Corporations - Tax Staff Essentials
Tax
CPE Self-study
Advanced Tax Planning S Corporations - Tax Staff Essentials
A look beneath the surface of S corporation taxation, with in-depth discussions of planning opportunities designed for the popular tax form.
$165 - $245
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Format
Online
NASBA Field of Study
Taxes
Level
Advanced
CPE Credits
11
Author(s)
Stephen R. Brooks
Availability
1 year
Product Number
TSEATPSC26SSO
View
Business & partner
Part of a discounted
Product Details
Intricacies of the S corporation form
S corporations represent a special tax structure with unique rules and limitations. For those who've mastered the basics of the S corporation form, this course delves into advanced matters related to the ever-popular form:
- Basis in S corporation stock
- Compensation planning
- Use of qualified subchapter S subsidiaries
- S corporations in estate planning
Updated for recent developments, including H.R. 1
It's important to stay current on legislation and IRS publications that affect S corporations, including H.R. 1, commonly referred to as OBBBA. Learners also gain insight into instances in which the IRS has permitted cures of a defective S corporation election or an involuntary S termination.
The course also includes:
- Recently released revenue procedures
- New private letter rulings
- Other key pronouncements that are crucial to providing quality services to S corporation clients
Part of Tax Staff Essentials Level 4
This self-study online course is part of Tax Staff Essentials Level 4, a comprehensive learning program that provides tax managers, directors, and partners with the advanced technical training required to work with their most sophisticated clients.
This course can be purchased individually or as part of the Tax Staff Essentials Level 4 bundle.
Who Will Benefit
- Managers and partners in public accounting firms
- CPA sole proprietors specializing in taxation of S corporations
- Tax planning professionals
Key Topics
- Basis in S corporation stock
- Distributions
- Compensation planning
- Qualified subchapter S subsidiaries
- Liquidations, reorganizations, and redemptions
- Estate planning and the use of trusts
- Section 199A
Learning Outcomes
- Calculate an S corporation shareholder’s stock basis at the end of a taxable year
- Calculate gain and loss on the distribution of property.
- Evaluate the rules concerning fringe benefits received and expenses incurred by S corporation shareholder-employees.
- Apply the rules relating to qualified Subchapter S subsidiaries (QSubs).
- Assess the corporate reorganization rules on S corporations.
- Evaluate the effects of a shareholder’s death on an S corporation.
- Calculate the Section 199A deduction.
Credit Info
CPE Credits
Online
11
NASBA Field of Study
Taxes
Level
Advanced
Prerequisites
Foundational knowledge of S corporation taxation
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
Online
$245.00
AICPA Members
Online
$199.00
CIMA Members
Online
$199.00
Tax Section Members
Online
$165.00
Group ordering for your team
2 to 5 registrants
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US customers call 1-800-634-6780 (option 1)
Author(s)
Stephen R. Brooks
CPA/PFS, CFP
Stephen Brooks is a tax partner with ROI Business Services, LLC in St. Louis, MO. With 16 years of public accounting experience, his expertise includes complex consulting and compliance for individuals, trusts, and estates as well as flow-through entities and closely-held businesses. Stephen also provides his clients with business planning, wealth management, and succession planning assistance.
Since 2013, Stephen has been a course instructor and author for the AICPA. Courses he has authored include Advanced Estate Planning Strategies, Estate Planning Essentials: Tax Relief for Your Clients, Form 1041: Income Taxation of Estates and Trusts, Estate & Trust Primer, Advanced Estate & Trust Taxation, and Estates and Trusts: Mastering Complex Income Tax Issues.
Stephen is a co-founder and board member of the non-profit organization, the St. Louis Suit Project. This organization helps individuals improve themselves externally and internally. The organization provides tailored suits and soft-skill training to adults searching for employment or looking to attend college. Stephen also helped create the non-profit organization, Us Against Cancer, where he currently serves as the organization's treasurer. This organization provides funding for necessary treatment to individuals diagnosed with cancer.
Stephen is a member of the American Institute of Certified Public Accountants and the Missouri CPA Society. He graduated from Indiana University at Bloomington with a major in Accounting and Finance and minor in Psychology. He also holds a M.S. in Taxation from the University of Illinois Urbana-Champaign. Prior to his married life with his children, Stephen enjoyed competing in many endurance races such as marathons, triathlons, and ultra-marathons.
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