In this course, Chis Province, CPA, will take you through more of the operating aspects of an S Corporation including non-separately stated items, separately stated items, new disclosure on the K1 with the shareholder loans (new for 2020-2021). Also mentioned in part 2 is the new form 7203 that the IRS is in the process of developing, where we’re going to have to report additional information on stock basis and debt basis. Chris will cover compensation planning, reasonable compensation- code section 199a, and he will give you specific examples from his tax practice of how he has saved his clients tens of thousands of dollars with proper tax planning.
Allocating Pass-Through to S/Hs. IRC Section 132 Benefits. IRS Notice 2015-17. CCA 201912001. 2021 and 2020 Social Security Wages. Wage Limitation. W-2 Wages - Planning Considerations. Controlled Group Rules.
CPAs, financial professionals, enrolled agents and attorneys.
Operating aspects of S Corp. Non separately and separately stated items. New disclosure on the K1 with shareholder loans. New form 7203- additional reporting on stock basis and debt basis. Compensation planning and reasonable compensation. Fringe benefits.
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Robert Province, The Tax U
Robert C. Province is a CPA in private practice in Southern California. He is a highly motivated seminar leader, known for his ability to connect with seminar attendees to ensure their understanding of complex material. He is the recipient of the 2002 Award for Instructor Excellence awarded by the California CPA Education Foundation. Robert has been in public accounting since 1987 specializing in tax, accounting, and management advisory services for closely held businesses and individuals. He sharpened his skills working as a senior member of several local and national CPA firms and served as an Adjunct Professor of Accounting and Taxation at College of the Canyons. Robert earned his Bachelor of Science in Accounting and Finance from California State University Northridge and is a Certified Public Accountant in California and North Carolina.
Non-Member Price $113.00
Member Price $98.00