2024 S Corporation Essentials: Review & Update


Jun 18,2024

PRESENTER(s): Robert S. Barnett

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved NASBA & IRS CPE Credit 2(Taxes)

2024, CPA’s/EA’s and tax practitioners need to keep a track of tax changes affecting pass-through entities used by their business clients and employers, and this webinar delivers that information. Your learning will be invaluable about strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S corporations, partnerships, LLCs, and LLPs. In addition, this course will discuss current trends and emerging issues, helping practitioners stay informed about relevant and significant topics that may impact their clients. Continually updated to reflect enacted legislation.

This lecture will focus on recent cases, Form 7203, basis considerations, and reporting requirements including:

  • Identify the benefits and tax savings of an S Corporation
  • Define the break-even point calculation to determine when an S Corporation makes sense
  • Schedules K-2 and K-3 reporting
  • Revenue Procedure 2022-19
  • Calculating beginning stock basis 
  • Recognize what shareholder loans are and how the IRS treats them
  • Open account debt regulations in coordination with Form 7203
  • Proper order for basis calculations
  • Loan basis and reporting
  • List more tax savings strategies for an S Corporation/ Tax traps to watch
  • Tax traps to watch
  • S distributions and reporting
Session Highlights:

  • Calculating beginning stock basis 
  • Open account debt regulations in coordination with Form 7203
  • Proper order for basis calculations
  • Loan basis and reporting
  • Tax traps to watch
  • S distributions and reporting

Credits and Other information:

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS-T-00092-24-O
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners
Coder Archives 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.

Speaker Profile:
Robert S. Barnett, JD, Masters (Taxation), CPA, is a founding partner at Capell Barnett Matalon & Schoenfeld LLP, Attorneys at Law, in Syosset, New York. His practice areas include business tax planning, estate planning, tax dispute resolution, and Tax Court representation.

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