Your go-to guide to S corporations
After completing this course, the learner should be able to:
Define an S corporation and the principal difference between an S corporation, a C corporation, and LLCs.
Identify the requirements to qualify as an S corporation—e.g., shareholder limits, capitalization, and disproportionate distributions.
Define the requirements to properly make the election to become an S corporation—e.g., calendar year elections, fiscal year corporations, and late elections and consents.
Identify special issues that need to be taken into consideration during the qualification process—e.g., trust as shareholders, tax-exempt shareholders, and state tax issues.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823