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Live Webcast

S Corporation Essentials: Stock and Loan Basis Reporting


Total Credits: 8 including 8 Taxes - Technical

Average Rating:
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Category:
Partner Produced |  Tax |  IRS Approved
Faculty:
Doug Van Der Aa
Course Levels:
Intermediate
Duration:
8 Hours
License:
Access for 40 day(s) after program date.



Description

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.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning 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.

Major Subjects
  • 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
  • Guide to applying the new Section 199A deduction
  • 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
  • Fringe benefits
  • Built-in gains tax
  • Section 1375 passive investment income penalty tax

Course Materials

Faculty

Doug Van Der Aa Related seminars and products: 1

CPA, JD

Van Der Aa Tax Ed, LLC


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

 

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

 

Van Der Aa taught for 10 years as an adjunct instructor and for one year 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.

 


Additional Info

Basic Course Information

Prerequisites Basic working knowledge of S corporations
Advanced Preparation None
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.


Original Recording Date June 5, 2020
Yellow Book No
Course Developer

Doug Van Der Aa, CPA, JD


Date Added to Catalog 6/5/2020

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


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