Content Provider
Dkkaccounting

Self-Study CPE
SALES TAX AND ECOMMERCE - SIMPLIFIED
View Details/Register
2022 FILING SEASON CHANGES FOR 1099 REPORTING
View Details/Register
BUSINESS TAX UPDATE 2022
View Details/Register
INDIVIDUAL TAX UPDATE 2022
View Details/Register
CRYPTOCURRENCY TAXATION: WHAT PRACTITIONERS NEED TO KNOW
View Details/Register
CRYPTOCURRENCY TAX UPDATE 2022
View Details/Register
IRS FORM 1040 SCHEDULES C AND E: SIMILARITIES AND DIFFERENCES
View Details/Register
TAX TREATMENT OF INDIVIDUAL RETIREMENT ARRANGEMENTS
View Details/Register
EARNED INCOME TAX CREDIT
View Details/Register
AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
View Details/Register
THE SECTION §199A PASS-THROUGH DEDUCTION
View Details/Register
TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
View Details/Register
HOME OFFICE DEDUCTION
View Details/Register
EDUCATION TAX BENEFITS
View Details/Register
EARNED INCOME TAX CREDIT DUE DILIGENCE
View Details/Register
AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
View Details/Register
FEDERAL INCOME TAX CHANGES - 2022
View Details/Register
TAX TREATMENT OF SICKNESS AND INJURY PLANS
View Details/Register
TAX TREATMENT OF LIFE INSURANCE PROCEEDS
View Details/Register
MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
View Details/Register
TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
View Details/Register
HEALTHCARE REFORM: THE AFFORDABLE CARE ACT TAX PROVISIONS
View Details/Register
INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
View Details/Register
UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
View Details/Register
TOOLS AND STRATEGIES TO AVOID ESTATE PLANNING TRAGEDIES
View Details/Register
FBARS AND ENTITIES: WHO MUST FILE?
View Details/Register
ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
View Details/Register
DYNAMIC & CREATIVE CHARITABLE PLANNING: CLAT PLANNING
View Details/Register
FAMILY INSTALLMENT SALE PLANNING FROM A TO Z
View Details/Register
THE MATHEMATICS OF ESTATE TAX PLANNING AND MORE
View Details/Register
INTRO TO CRYPTOCURRENCY AND TAXES
View Details/Register
ASSET PROTECTION MEETS ESTATE TAX PLANNING
View Details/Register
THE MATHEMATICS OF ESTATE TAX PLANNING (PART 2)
View Details/Register
THE MATHEMATICS OF ESTATE TAX PLANNING AND MORE (PART 3)
View Details/Register
SELLING REAL ESTATE WITH IRS LIENS: RULES & PROCESSES TO COMPLETING THE SALE
View Details/Register
INFLATION REDUCTION ACT
View Details/Register
2022-2023 FEDERAL TAX UPDATES FOR INDIVIDUALS: IRS PROCEDURE & LEGISLATION
View Details/Register
INTERNATIONAL INFORMATION RETURNS: WHAT YOU DON'T KNOW CAN HURT YOU
View Details/Register
THE NEW IRS FORM 7203: S CORP SHAREHOLDER STOCK BASIS, DEBT BASIS & MORE
View Details/Register
FEDERAL TAX UPDATES: BUSINESS ENTITIES COURT CASES
View Details/Register
FEDERAL TAX UPDATES: BUSINESS IRS PROCEDURE & LEGISLATION
View Details/Register
FEDERAL TAX UPDATES: INDIVIDUALS COURT CASES
View Details/Register
S CORPS: EVERYTHING YOU NEED TO KNOW
View Details/Register
Self study cpe
S Corps: Everything You Need to Know

S CORPS: EVERYTHING YOU NEED TO KNOW

CPE Processing Fee$20.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-00833-20-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJune 30, 2021
Date OfferedJune 30, 2021
Expiration DateJune 30, 2022
Course Description

This webinar is designed to raise tax professionals' awareness of all of the concepts and requirements needed to successfully operate an S Corporation. Attendees of this webinar will better understand the benefits and downfalls of S Corps to help clients make better decisions, legally pay less in taxes, and keep more money in their business. This webinar will cover simple and powerful tax strategies that can be implemented today, along with sample agreements and worksheets for use in practice.

Agenda


  • Identify the benefits and tax savings of an S Corporation

  • Define the break-even point calculation to determine when an S Corporation makes sense

  • Recognize how to follow the tax law requirements of running an S corporation and best practices

  • Identify the importance of documenting and determining reasonable compensation

  • Recognize what shareholder loans are and how the IRS treats them

  • Define the basis and why it's important

  • List more tax savings strategies for an S Corporation

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Identify fundamentals of S Corporations including documentation, filing and operating requirements, and distributions and reasonable compensation calculations.

Not logged
Handout Materials
Presentation Slides
Additional Materials
Glossary and Outline
Review Questions
Review Questions
QUESTION 1: 00:12:00 minutes
QUESTION 2: 00:38:00 minutes
QUESTION 3: 00:42:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

Loading ...

Loading ...
Linkedin
Dkkaccounting

Josh believes small businesses care about what they do and need the resources to keep their passion alive. He decided to dedicate his career to making small businesses better by providing them with the tools and knowledge necessary to succeed. Having earned his degree in Accounting, he is an Enrolled Agent and Accredited Business Accountant. He is also a Registered Tax Planner and Certified QuickBooks ProAdvisor. When Josh is not in the office, you will find him spending time with his family and friends.

Nasba
Logo qas

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Dkkaccounting
DKK Accounting started when Dale K. Koglin, CPA, EA, ATA, ATP obtained his first corporate client before he was drafted by the United States Army. After being honorably discharged he returned to his accounting practice and continued to further his education in accounting. Later, he ended up purchasing an income tax business where he learned the complexities of preparing tax returns for farmers. Having been Dale K. Koglin Accounting for many years he partnered with another professional and became D&W Accounting. When his partner passed away the firm name changed back to Dale K. Koglin Accounting. Serving several clients over the many years by himself, and having no luck with employees in the past, he decided to take a chance on a young man and offered him a mentorship. Having forged a bond between them after years of working together he decided to pass the torch and name him as his successor. When Dale passed away in 2015 he had been in business for over 59 years! After his passing the firm name changed once again to DKK Accounting in order to modernize the business while keeping his legacy alive.