S Corporation Essentials: Stock and Loan Basis and More

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Archive : S Corporation Essentials: Stock and Loan Basis and More

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Category:
IRS Approved | Tax | Accounting and Auditing
Faculty:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
8 Hours
License:
Never expires.

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, including the CARES Act and COVID-19 developments, on the tax filings of S corporations will be addressed, as well as the significant impact of the new Section 199A flow-through entities deduction on S corporations. Qualifies for 2 hours of A&A

*This was recorded prior to the late December passage of the COVID-related Tax Relief Act of 2020.

**Please Note: If you need credit reported to the IRS for this IRS approved program (6 hours of Tax), please download the IRS CE request form on the Course Materials Tab and submit to [email protected].

Basic Course Information
Learning Objectives

· Define the tax consequences and various liabilities for both partnerships and LLCs

· Discuss the impact of the new Section 199A deduction on partnerships

· Apply planning opportunities and potential pitfalls

Major Subjects

· Define the tax consequences and various liabilities for both partnerships and LLCs

· Discuss the impact of the new Section 199A deduction on partnerships

· Apply planning opportunities and potential pitfalls

Important Course Information_Read First (0.47 MB) Available after Purchase
S Corporation Essentials Handout (6.74 MB) Available after Purchase
IRS CE Credit Request Form (0.13 MB) Available after Purchase

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.

Basic Course Information
Advanced Preparation

None

Course Developer

Doug Van Der Aa, CPA, JD

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
Yellow Book

No

Original Recording Date

06/04/2020