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2022 S Corporation Update: Developments You Need to Know (Completed)

Date: Tuesday, November 29, 2022
Instructor: Greg White

Begin Time:	9:00am Pacific Time 10:00am Mountain Time 11:00am Central Time 12:00pm Eastern Time
CPE Credit:	2 hours for CPAs 2 hours Federal Tax Law Updates for EAs and OTRPs 2 hours Federal Tax Updates for CTEC 2 hours Federal Tax Related for OTRPs

We’ll cover a brand new “Practice Unit” released by the IRS in 2022. We’ll also cover new cases, changes in Form 1120S, and new administrative guidance.

Who Should Attend
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Topics Covered

New cases addressing reasonable compensation for shareholders
Changes to Form 1120S Schedule K-1
IRS Form 7203

Learning Objectives

Recognize how to determine proper reasonable compensation for shareholders
Identify circumstances where S corp status is inadvertently terminated (and how to fix inadvertent terminations retroactively)
Describe rules for computing reasonable compensation for shareholders

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of S Corporations.

Advance Preparation
None

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