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PRODID://NDCP//487695
BEGIN:VEVENT
DTSTAMP:20260430T011558
VTIMEZONE:America/Chicago
DTSTART:20260716T130000Z
DTEND:20260716T210000Z
UID:487695
SUMMARY:Surgent's S Corporation Core Tax Issues From Formation Through Liquidation (SCTI)
LOCATION:Webinar
DESCRIPTION:Surgent's S Corporation Core Tax Issues From Formation Through Liquidation (SCTI)\n\n07/16/26 08:00 AM CST\n - 07/16/26 04:00 PM CST\Description:\nAs experienced staff members master the preparation intricacies of an 1120-S tax return, they are expected to understand and apply the underlying concepts, principles and laws governing S corporation status. This course is designed to illustrate in both theory and practice overarching principles that govern S corporations from formation to revocation, termination and liquidation. Experienced, client-facing staff should be aware of the pitfalls that may inadvertently cause an S-status termination or may generate unintended tax consequences to shareholders. Objectives:
 Prepare more complicated S corporation returns
 Understand certain advanced concepts of S corporation taxation
 Protect S corporation clients from falling out of S corporation eligibility
 Presenters:Sue Smith, CPAField of Study:Taxes (8)Major Topics:
 What exactly is terminating S corporations, including recent rulings
 Schedules K-2 and K-3 reporting requirements and filing exceptions
 Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
 Shareholder changes Living Trust and causes S termination
 LLCs electing S status, changing agreement could terminate election
 Inherited a new client with reporting errors? What are my options?
 Debt vs. equity and §385; Federal Express battled and won, how do we?
 Are we to expect SECA tax on pass-through entities?
 Shareholders losing “substance over form” argument
 Basis neither increased by phantom income, nor reduced by non-deducted pass-through losses
 Can I accrue expenses payable to a shareholder? Sure, but can I deduct them?
 How §179 limitations affect S corp. basis
 Comparison of liquidation of a C corporation vs. the liquidation of an S corporation
 Did not timely file Form 2553? A simple method to correct
 Is there a “flexible standard of law” in regard to closely held entities?
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's S Corporation Core Tax Issues From Formation Through Liquidation (SCTI)<br /><br />07/16/26 08:00 AM CST - 07/16/26 04:00 PM CST<br />Description:<br />As experienced staff members master the preparation intricacies of an 1120-S tax return, they are expected to understand and apply the underlying concepts, principles and laws governing S corporation status. This course is designed to illustrate in both theory and practice overarching principles that govern S corporations from formation to revocation, termination and liquidation. Experienced, client-facing staff should be aware of the pitfalls that may inadvertently cause an S-status termination or may generate unintended tax consequences to shareholders. <br><br><b>Objectives:</b><br><p>
</p>
<div>
<ul>
    <li>Prepare more complicated S corporation returns</li>
    <li>Understand certain advanced concepts of S corporation taxation</li>
    <li>Protect S corporation clients from falling out of S corporation eligibility</li>
</ul>
</div><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>What exactly is terminating S corporations, including recent rulings</li>
    <li>Schedules K-2 and K-3 reporting requirements and filing exceptions</li>
    <li>Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations</li>
    <li>Shareholder changes Living Trust and causes S termination</li>
    <li>LLCs electing S status, changing agreement could terminate election</li>
    <li>Inherited a new client with reporting errors? What are my options?</li>
    <li>Debt vs. equity and &sect;385; Federal Express battled and won, how do we?</li>
    <li>Are we to expect SECA tax on pass-through entities?</li>
    <li>Shareholders losing &ldquo;substance over form&rdquo; argument</li>
    <li>Basis neither increased by phantom income, nor reduced by non-deducted pass-through losses</li>
    <li>Can I accrue expenses payable to a shareholder? Sure, but can I deduct them?</li>
    <li>How &sect;179 limitations affect S corp. basis</li>
    <li>Comparison of liquidation of a C corporation vs. the liquidation of an S corporation</li>
    <li>Did not timely file Form 2553? A simple method to correct</li>
    <li>Is there a &ldquo;flexible standard of law&rdquo; in regard to closely held entities?</li>
</ul><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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