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PRODID://NDCP//515208
BEGIN:VEVENT
DTSTAMP:20260429T125531
VTIMEZONE:America/Chicago
DTSTART:20260410T050000Z
DTEND:20341231T060000Z
UID:515208
SUMMARY:S Corporations: Comprehensive walk through of Form 1120S Part 2
LOCATION:Anytime CPE
DESCRIPTION:S Corporations: Comprehensive walk through of Form 1120S Part 2\n\n04/10/26 12:00 AM CST\n - 12/31/34 12:00 AM CST\Description:\nThis course is designed for financial professionals looking to understand Form 1120S.  It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed.  It will further compare the S Corporation to other forms of entities, along with compliance with corporate formalities.  Highlights of Form 1120S will be discussed, including build-in capital gains, accountable plans, taxable fringe benefits, officer reasonable compensation and audit strategies.  Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well.Objectives:After attending this presentation, you will be able to...
 Compare S Corporations to other entity structures to assess suitability.
 Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19.
 Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3.
 Analyze I.R.C. 1361 and 1362 in the context of S Corporation elections and compliance.
 Identify and address S Corporation eligibility errors and implement corrective measures.
 Apply corporate governance procedures and corporate formalities.
 Assess shareholder stock and debt basis rules and implications.
 Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans.
 Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3.
 Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.
 Instructor:Mary Jane HouraniFields of Study:Taxes\Location:\nAnytime CPE\n\n,
X-ALT-DESC;FMTTYPE=text/html:S Corporations: Comprehensive walk through of Form 1120S Part 2<br /><br />04/10/26 12:00 AM CST - 12/31/34 12:00 AM CST<br />Description:<br />This course is designed for financial professionals looking to understand Form 1120S.  It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed.  It will further compare the S Corporation to other forms of entities, along with compliance with corporate formalities.  Highlights of Form 1120S will be discussed, including build-in capital gains, accountable plans, taxable fringe benefits, officer reasonable compensation and audit strategies.  Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well.<br><br><b>Objectives:</b>After attending this presentation, you will be able to...<br />
<br />
<br />
Compare S Corporations to other entity structures to assess suitability.<br />
<br />
Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19.<br />
<br />
Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3.<br />
<br />
Analyze I.R.C. 1361 and 1362 in the context of S Corporation elections and compliance.<br />
<br />
Identify and address S Corporation eligibility errors and implement corrective measures.<br />
<br />
Apply corporate governance procedures and corporate formalities.<br />
<br />
Assess shareholder stock and debt basis rules and implications.<br />
<br />
Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans.<br />
<br />
Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3.<br />
<br />
Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.<br />
<br><br><b>Instructor:</b><br>Mary Jane Hourani<br><br><b>Fields of Study:</b><br>Taxes<br />Location:<br />Anytime CPE<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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