Compass Tax Educators

The tax consequences of S corporation operations to both the corporation and shareholders will be discussed, along with how these items are properly reflected on the S corporation tax return.

Learning Objectives

• Describe the tax consequences of forming a corporation.
• Explain the steps required to make a timely or late S corporation election.
• Describe the tax consequences of S corporation operations to both the corporation and the shareholder. 
• Determine the proper entries for an accurate S corporation return.

Education Information

IRS Program Number: NMVBP-T-00201-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)

Field of Study: Taxes (NASBA); Federal Tax Topic/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.