Date: Tuesday, October 25th 2:00 – 4:00 PM EST
Speaker: Iris K. Palma, J.D; Thomas J. Williams, EA
Full S-Corps Certificate Program: $200 for NAEA Members | $360 for nonmembers
CE: 2

Upon receiving an approved IRS election, the S-corporation tax classification allows the taxpayer to pass through its income, expenses, credits, and losses to the shareholders. In this presentation, we will provide a review of essential elements and limitations. Plus, we’ll show you how to comprehend and communicate the advantages and disadvantages of subchapter “S” corporations from a tax standpoint.

In this class, you’ll learn how to:

• Review election criteria, including eligible shareholders
• Define reasonable compensation
• Identify taxable and non-taxable distributions
• Apply for late election relief
• Verify late filing penalties