S Corporation Essentials: Stock and Loan Basis Reporting

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

• Recently issued FASB Accounting Standards Updates and PCC activity    
• Leases -- Topic 842    
• Overview of the economics and tax consequences of crowdfunding campaigns    
• A comprehensive overview of virtual currency, including important tax considerations in light of increased IRS scrutiny    
• The Independent Contractor vs. Employee Conundrum continues - Department of Labor Final Rule reinstated

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.