This Masterclass is NOT included with a 2025 PASS.
A $100 discount code was emailed to 2025 PASS holders on 9/19/25 and must be used at the time of purchase: NO EXCEPTIONS.
Masterclass: S Corporations (8 CPE/CE*)
This is a comprehensive course on the taxation of S corporations and their shareholders that goes through the entire lifecycle of an S corporation: timely and late S corporation elections, capitalization, operations, and the sale or closure of the corporation. There will be an emphasis on proper preparation of the S corporation return, calculation of and reporting the basis of the S corporation stock, and solving common S corporation problems encountered by practitioners.
Session I - November 4, 2025 2:00-3:40 pm ET + optional Q&A (2 CPE/CE hours)
Module 1: Qualifications and Elections
Module 2: Formation and Capitalization
Session II - November 10, 2025 2:00-3:40 pm ET + optional Q&A (2 CPE/CE hours)
Module 3: Operations
Module 4: Basis and Form 7203
Session III - November 12, 2025 2:00-3:40 pm ET + optional Q&A (2 CPE/CE hours)
Module 5: Return Preparation
Module 6: Closing the S Corporation
November 14, 2025 Homework assignment due.
Session IV - November 20, 2025 2:00-3:40 pm ET + optional Q&A (2 CPE/CE hours)
Module 7: S Corporation Tax Cases
Module 8: S Corporation Problems and Solutions
Module 9: Homework Review
Learning Objectives:
Describe how to make a timely or late S corporation election for a corporation or a limited liability company (LLC).
Describe the tax consequences to the S corporation and its shareholders from its capitalization/formation and ongoing operations.
Calculate a shareholder’s stock and debt basis in their S corporation stock with proper completion of Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations.
Demonstrate the proper preparation of Form 1120-S U.S. Income Tax Return for an S Corporation.
*CPE/CE is reported after the conclusion of the entire masterclass. Continuing education credit can only be earned by attending the live sessions as scheduled and answering the required poll questions that measure your attendance. Each attendee will receive REPLAY access but will not have the ability to earn continuing education credit from an on demand class that may result from the live masterclass.
Waitlist: Once capacity is reached, a waitlist will be implemented. If space becomes available, you will be notified by email and may purchase the masterclass by noon ET the next business day. If the purchase is not completed by that time, the opportunity will be extended to the next person on the waitlist.
Education Information
IRS Program Number: NMVBP-T-00318-25-O
Credit hours: 8 CPE (NASBA); 8 CE (IRS)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based (NASBA); Online Webinar (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about this instructor.
Masterclass refund policy: Refunds for the series must be requested by 12:00 PM ET on 10/31/25 and are subject to a $50 administrative fee. Click here for more information about our education, refund, and complaint policies.
