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Dkkaccounting

Self-Study CPE
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UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
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U.S. TAX IMPLICATIONS FOR FOREIGN ACQUIRERS OF U.S. COMPANIES
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UNDERSTANDING PARTNERSHIP TAXATION: TYPES OF BASIS & CONTRIBUTIONS
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ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
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1099 REGULATIONS & CHALLENGES
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Self study cpe
S Corps: Everything You Need to Know

S CORPS: EVERYTHING YOU NEED TO KNOW

CPE Processing Fee$20.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-00833-20-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJun 30, 2021
Date OfferedJun 30, 2021
Course Description

This webinar is designed to raise tax professionals' awareness of all of the concepts and requirements needed to successfully operate an S Corporation. Attendees of this webinar will better understand the benefits and downfalls of S Corps to help clients make better decisions, legally pay less in taxes, and keep more money in their business. This webinar will cover simple and powerful tax strategies that can be implemented today, along with sample agreements and worksheets for use in practice.

Agenda


  • Identify the benefits and tax savings of an S Corporation

  • Define the break-even point calculation to determine when an S Corporation makes sense

  • Recognize how to follow the tax law requirements of running an S corporation and best practices

  • Identify the importance of documenting and determining reasonable compensation

  • Recognize what shareholder loans are and how the IRS treats them

  • Define the basis and why it's important

  • List more tax savings strategies for an S Corporation

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Identify fundamentals of S Corporations including documentation, filing and operating requirements, and distributions and reasonable compensation calculations.

Not logged
Handout Materials
Presentation Slides
Additional Materials
Glossary and Outline
Review Questions
Review Questions
QUESTION 1: 00:12:00 minutes
QUESTION 2: 00:38:00 minutes
QUESTION 3: 00:42:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Dkkaccounting

Josh believes small businesses care about what they do and need the resources to keep their passion alive. He decided to dedicate his career to making small businesses better by providing them with the tools and knowledge necessary to succeed. Having earned his degree in Accounting, he is an Enrolled Agent and Accredited Business Accountant. He is also a Registered Tax Planner and Certified QuickBooks ProAdvisor. When Josh is not in the office, you will find him spending time with his family and friends.

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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Dkkaccounting
DKK Accounting started when Dale K. Koglin, CPA, EA, ATA, ATP obtained his first corporate client before he was drafted by the United States Army. After being honorably discharged he returned to his accounting practice and continued to further his education in accounting. Later, he ended up purchasing an income tax business where he learned the complexities of preparing tax returns for farmers. Having been Dale K. Koglin Accounting for many years he partnered with another professional and became D&W Accounting. When his partner passed away the firm name changed back to Dale K. Koglin Accounting. Serving several clients over the many years by himself, and having no luck with employees in the past, he decided to take a chance on a young man and offered him a mentorship. Having forged a bond between them after years of working together he decided to pass the torch and name him as his successor. When Dale passed away in 2015 he had been in business for over 59 years! After his passing the firm name changed once again to DKK Accounting in order to modernize the business while keeping his legacy alive.