Secure Transaction CPE Credits
6 Credits: Taxes
Event Date: November 7, 2024 7:30 am
Course Level
Format
Conference
Course Description
This six hour course is up to date with all significant legislative, administrative and judicial developments up to the date of presentation. It includes S corporation eligibility and election requirements, taxable income, compensation, distributions basis and other loss limits. Although this program has an S corporation emphasis, several of the topics apply to other forms of closelyheld businesses, including partnerships and C corporations.
Learning Objectives
- Determine the entities which are, and which are not, eligible for S corporation status.
- Understand the corrective rules for repairing eligibility and preserving S status.
- Identify corporate income, loss, and other items that affect income, loss and basis.
- Recognize the pervasive issue of compensation of shareholder-employees.
- Understand the S corporation shareholder stock and debt basis rules.
- Calculate the effects of income, distributions, losses and other items on shareholder’s basis.
- Apply the sequence of loss limitations affecting shareholders and other business owners.
Course Specifics
24CMaui-LE375393
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kate is an associate in Tonkon Torp’s Tax and Executive Compensation & Employee Benefits practice groups. She joined the firm from the United States Tax Court where she gained unique insight into taxation matters working as a judicial law clerk for the Honorable Kathleen Kerrigan. While there, she conducted research on federal taxation matters and drafted memoranda and opinions regarding tax-related disputes and issues. Prior to the U.S. Tax Court, Kate worked at Grant Thornton, LLP as a Mergers & Acquisitions tax associate where she uncovered and presented tax exposure and opportunities related to domestic and foreign acquisition targets. She …