In Part 2 of the S corporations series, we cover corporate income taxes and credits affecting S corporations, when a shareholder recognizes income and losses, how items passed through to shareholders are allocated, the tax consequences when an S corporation makes distributions to its shareholders, and income and estate planning situations for S corporations.All course material provided. Prerequisites: Working knowledge of the S corporation status and its taxation issues. Course level: Intermediate. EA Program Approval Number: ZX34G-T-00447-21-S
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