Dates:
May 21-22, 2009

Time:
8:00 a.m. - 5:00 p.m.

Location:
TU Campus

Fee: *

$695 per person

Early online registration 10 days prior to program start date:  $625 per person

Call for group discounts

*subject to change for future programs

 
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S-Corporation Taxation
Co-sponsored by the TU College of Law

Recommended CPE Credits: 16

For companies electing to file as an S Corporation, there are benefits of partnership taxation along with limited liability protection from creditors. The S Corporation rules are contained in Subchapter S of the Internal Revenue Code. This course covers the formation of a S Corp, the treatment of and distributions to shareholders as related to federal taxation.

Course Objectives

Participants will be able to:

• Recognize the requirements for an entity to be treated as an S Corporation for federal income tax purposes and attributes that make an entity ineligible for S Corporation status.

• Make and file election for an entity to be treated an S Corporation.

• Recognize what constitutes a revocation and termination of S Corporation status.

• Describe how S Corporation income, gain, loss and deduction flow through the corporation to the shareholder.

• Understand issues dealing with filing the S Corporation tax return.

• Calculate income tax on the sale of property with built-in gains and the Federal income tax on passive investment income.

• Compute gains and losses on the sale of an S Corporation interest.

• Describe the tax consequences of cash and property distributions of an S Corporation to the shareholders.

Click Here for Detailed Outline

Who Should Attend: Internal corporate and external accountants, CPAs, analysts, auditors and attorneys will benefit from this intermediate S Corp course.

Instructor:
Patrick Hennessee is a Professor of Accounting at The University of Tulsa and has been teaching partnership and corporate taxation for several years.  He has been recognized twice as the Outstanding Accounting Educator in Oklahoma and he has published articles in a variety of academic journals and professional publications.

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