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PRODID://NDCP//487692
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DTSTAMP:20260430T041546
VTIMEZONE:America/Chicago
DTSTART:20261009T130000Z
DTEND:20261009T210000Z
UID:487692
SUMMARY:Surgent's Advanced Critical Tax Issues for S Corporations (ACTS)
LOCATION:Webinar
DESCRIPTION:Surgent's Advanced Critical Tax Issues for S Corporations (ACTS)\n\n10/09/26 08:00 AM CST\n - 10/09/26 04:00 PM CST\Description:\nThis course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.Objectives:
 Understand how stock basis, AAA, and other limitations are determined
 Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule
 Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions
 Presenters:Sue Smith, CPAField of Study:Taxes (8)Major Topics:
 Inclusion of OBBBA (One Big Beautiful Bill Act) provisions that are germane to this course
 Final regulations on “eligible terminated S corporations” (ETSCs)
 Cases, rulings, and tax law changes affecting S corporations
 Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues, including IRS efforts to address underreporing of S corporation officer compensation
 Use of redemptions: still some advantages
 Planning for the liquidation of an S corporation
 Tax issues for family ownership of S corporation stock
 Impact of the tax on net investment income on sales of S corporation stock
 Stock basis: Loss limitations, AAA, and distribution issues in depth
 Debt basis: what the regulations on back-to-back loans mean to investors
 Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance
 Built-in gains: the 5-year recognition period
 S corporation structuring: one class of stock
 Methods of accounting
 Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates
 New cases on revocation of S election in bankruptcy court and documentation of open account indebtedness and Chief Counsel Advice on carryover of losses for ESBTs
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Advanced Critical Tax Issues for S Corporations (ACTS)<br /><br />10/09/26 08:00 AM CST - 10/09/26 04:00 PM CST<br />Description:<br />This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know. Even if you have attended other S corporation courses, you will learn something new in this course.<br><br><b>Objectives:</b><br><ul>
    <li>Understand how stock basis, AAA, and other limitations are determined </li>
    <li>Appreciate how corporation planning can be used in an S corporation to change the effects of the one-class-of-stock rule</li>
    <li>Understand what S corporation issues are being debated with the Service, settled in courts, and guided by administrative decisions</li>
</ul><br><b>Presenters:</b><br>Sue Smith, CPA<br><br><b>Field of Study:</b><br>Taxes (8)<br><br><b>Major Topics:</b><br><ul>
    <li>Inclusion of OBBBA (One Big Beautiful Bill Act) provisions that are germane to this course</li>
    <li>Final regulations on &ldquo;eligible terminated S corporations&rdquo; (ETSCs)</li>
    <li>Cases, rulings, and tax law changes affecting S corporations</li>
    <li>Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues, including IRS efforts to address underreporing of S corporation officer compensation</li>
    <li>Use of redemptions: still some advantages</li>
    <li>Planning for the liquidation of an S corporation</li>
    <li>Tax issues for family ownership of S corporation stock</li>
    <li>Impact of the tax on net investment income on sales of S corporation stock</li>
    <li>Stock basis: Loss limitations, AAA, and distribution issues in depth</li>
    <li>Debt basis: what the regulations on back-to-back loans mean to investors</li>
    <li>Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance</li>
    <li>Built-in gains: the 5-year recognition period</li>
    <li>S corporation structuring: one class of stock</li>
    <li>Methods of accounting</li>
    <li>Legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates</li>
    <li>New cases on revocation of S election in bankruptcy court and documentation of open account indebtedness and Chief Counsel Advice on carryover of losses for ESBTs</li>
</ul><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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