Webinar

Surgent's S Corporation Core Tax Issues From Formation Through Liquidation

Tuesday, Aug. 5, 2025
8 a.m.-4 p.m. Central
8 CPE (8 technical) | 8 IRS CE

Course code: 25WS-0713
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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.

Major subjects

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 Section 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 Section 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?

Learning 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

Who should take this program?

Experienced accounting and financial professionals desiring a comprehensive case approach to understand reasonably complex S corporation issues and problems

Pricing

Standard Member Fee	$279.00
Standard Nonmember Fee	$279.00

Our records indicate you are a nonmember. If you register, you will be charged $279.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

Firm administrators: Please log in before starting the employee registration process.