December 21, 2023


2 Total CPE Credits


Webinar (CA): S Corporations: Qualification, Election and Termination 2023

  • Instructor

    John McWilliams

Learning Objectives

• Identify and discuss the requirements that must be satisfied to make the S corporation election
• Identify the process that must be followed to make the election, including when the election must be made and the consequences of a defective election
• Identify the possible application of the inadvertent termination rule to avoid an unplanned termination
• Recognize limitation on re-electing after a termination

Major Topics

• Qualified shareholder requirement
• Trusts and Estates as shareholders
• Qualified tax-exempt shareholders
• Special rules for counting the number of shareholders
• One class of stock requirement
• Indirect preferences creating a risk of failing one class of stock requirement
• Disqualified corporations
• Making an effective S corporation election
• Relief for late or defective elections
• Inadvertent termination relief for involuntary terminations
• How to voluntarily revoke an S corporation election
• Re-election after termination

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Overview


Understanding the basics of taxation of corporations, S corporations 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

    $ 89 89
  • COCPA Non-Member

    $ 119 119
    Your Price

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