Professionals gain the skills needed to navigate S corporation matters confidently with this bundle of S corporation and small business courses.
Learning Objectives
- Learning Outcomes
- Recognize the advantages and disadvantages of S corporation status.
- Identify shareholder consent rules and causes of invalid elections.
- Recognize events causing involuntary termination.
- Recognize when an S corporation is subject to tax at the entity level. -Interpret the rules relating to the adjustment of basis in stock by S corporation shareholders.
- Apply the rules relating to qualified Subchapter S subsidiaries (QSubs).
- Differentiate the advantages available for small businesses based on entity type.
- Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.
