S Corporation Essentials: Basis Reporting & More

Wednesday, August 24 8:00am - 4:00pm

(Check-In 7:30am)

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Hilton Garden Inn

2465 Grant Rd
Billings, MT 59102

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8.00 Credits

Member Price $275.00

Price will increase by $50 after 8/3

Non-Member Price $325.00

Price will increase by $50 after 8/3

Overview

All materials will be electronic only

This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting. The impact of recent legislation on the tax structure of S and C corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations.

Highlights

  • Recent tax legislation, rules and developments impacting S corporations
  • Shareholder stock and loan basis reporting on Form 1120S Schedule K-1
  • New Section 163(j) business interest expense limitation
  • Filing deadlines and extensions
  • New rules on meals and entertainment expense reporting
  • Issues in becoming an S corporation
  • Basis of stock and debt
  • AAA and distributions
  • Built-in gains tax

Prerequisites

Basic working knowledge of S corporations.

Designed For

Experienced practitioners with S corporation clients and members in industry working for an S corporation, or those seeking and update on thorny S corporation issues.

Objectives

Upon completion of this course you will be able to:

  • Apply the latest tax rules and regulations of S corporations.
  • Discuss the new Section 199A rules and regulations and how their significant impact S corporations.
  • Distinguish and define complex S corporation issues.

Preparation

None

Leader(s):

Leader Bios

Doug Van Der Aa

Douglas J. VanDerAa, CPA, JD, has been a discussion leader for Federal Tax Workshops, Inc., East Lansing for the past 6 years. He is a lively and energetic speaker – especially on the subject of taxes and ethics, and has extensive experience in leading discussions in conferences, seminars and webinars.

Doug is a regular and highly rated speaker and seminar leader for the Michigan Association of Certified Public Accountants, as well as other organizations throughout the country.

Doug has over 20 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. Formerly, Doug was a Tax Manager with Hungerford, Aldrin, Nichols & Carter, P.C. in Grand Rapids, Michigan, where his practice concentrated on the tax needs of mid-sized closely held businesses, with their related pass-through entities, complex individual returns including AMT issues, estates and trusts.

Most recently, Doug served a one-year term as Assistant Professor of Accounting and Taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.

He earned his Bachelor of Arts degree with a major in accounting from Dordt College and his Juris Doctor from the University of Illinois College of Law.

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Non-Member Price $325.00

Member Price $275.00