S Corporation Taxation: Review, Refresher, and Update
Date: 12/2/2026
Time: 12:00 PM - 4:00 PM EST
CPE Credit: 4 hours
This 4-hour webcast will provide attendees with the basics of what is a corporation and the unique aspects of the S Corporation as a type of corporate entity with pass-through aspects. A good overview will be given with respect to the tax requirements of an S corporation including references to the relevant law.
Topics Covered
- What is a corporation
- How does an S corporation differ from a C corporation
- Advantages and disadvantages of the S corporation
- Forming an S corporation
- Capital contributions and basis
- Accumulated adjustments account
- Accounting methods
- Accounting periods
- Form 1120S overview
- Compensation ramifications
- Payroll taxes and the 100% penalty
Learning Objectives:
- Recognize the uniqueness of a corporation with emphasis on the S corporation
- Be knowledgeable about selected aspects of the Form 1120S
- Caution of IRS hot-button issue concerning self-employment compensation
- Be able to become aware of situations requiring further research
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