December 8, 2023


8 Total CPE Credits


Webinar (CA): S Corporations: The Fundamentals and More 2023

  • Instructor

    John McWilliams

Learning Objectives

• Determine tax consequences of making the S corporation election to the corporation and shareholders
• Recall requirements that must be satisfied to elect and maintain S corporation status
• Determine how to make an effective S corporation election
• Identify situations where shareholders could be limited in loss deductions
• Identify tax planning opportunities related to election or termination of the S corporation status

Major Topics

• Tax consequences of an S corporation election
• Explanation and analysis of the "qualified business income deduction" (IRC 199A)
• Qualification requirements to make and maintain an S corporation election
• Filing the S corporation return
• Allocation of corporate results to the shareholders
• Adjustments to the basis of the stock of an S corporation
• Limitations on deducting S corporation losses
• Tax consequences of distributions to shareholders
• Tax planning related to S corporation elections or terminations
• Sale of an S corp business: the basics

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Overview


Basic understanding of the taxation of individuals, corporations, S corps and partnerships.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs and attorneys.


California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 299 299
  • COCPA Non-Member

    $ 399 399
    Your Price

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