Understanding S-Corporation Taxation: Compensation Issues & Entity Level Taxes
SKU: 06-447-01-CPE
Credit Hours: 2
CPE Category: Taxes
CE Category: Federal Tax
Program Level: Intermediate
Prerequisites: None
Delivery Method: Online Video
Instructor: David R. Peters, CPA, MST, CLU, CPCU
Course Description:
This course will examine how SCorporations break away from the normal tax rules for flow-through entities. It will explore which employee benefits are disallowed for S-Corporation shareholders, as well as which taxes are assessed at the entity level.
This course will discuss the following learning objectives:
- Recognize the factors to consider when evaluating the reasonableness of S-Corp shareholder compensation
- Recall which fringe benefits will result in additional W-2 income for S-Corp shareholders
- Calculate the Built-In Gains tax and Excess Passive Income Tax
- Identify the federal income tax implications of a PTE election at the state level.