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S Corporations - Part 3

Exam Questions: 75
Course Level: Intermediate
Pages: 298 | Content: 262, Supplemental: 36
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7785

Part 3 of the S Corporation series covers changes to S corporations, including the termination and revocation of S status and the impact of such. It also provides a comparison to other business entities including PSCs, general partnerships, limited partnerships, and LLCs. It also reviews subsidiaries, Employee Stock Ownership Plans (ESOPs), and the effect that Code Sec. 1411 has on S corporation shareholders. 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-00380-20-S

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Course Information

Table of Contents
  • Changes to S Corporations
  • Comparisons to Other Business Entities
  • Subsidiaries
  • Employee Stock Ownership Plans
  • The Effect That Code Sec. 1411 Has on S Corporate Shareholders
Objectives
  • To identify the reasons for making a change to the S status of an S corporation
  • To identify the characteristics of various business entities
  • To identify the characteristics of a QSub.
  • To identify the features of an employee stock ownership plan (ESOP)
  • To identify the Code Sec. 1411 tax on net investment income

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