January 30, 2023


Webinar


2 Total CPE Credits

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Webinar (CA): S Corporations: Allocation of Results

Learning Objectives

• Determine the general approach of allocating the tax results of an S corporation to the shareholders.

• Discuss the determination and consequence of “separately stated” items

• Explain how stock sales affect the allocation of taxable income and the tax consequences of the stock sale.

• Recognize the special allocation complications when new stock is issued or existing stock is redeemed.

• Recognize the allocation and tax compliance complications presented when the S corporation election terminates mid-year.

Major Topics

• The general approach to the allocation of S corporation tax results to the shareholders

• Separately stated and non-separately stated items determination and consequences

• Allocation complications and related tax consequences when the stock of the S corporation is sold

• Special allocation rules when new stock is issued or outstanding stock is redeemed

• Allocation of taxable income when the S Corporation election is terminated mid-year

• Tax compliance responsibilities related to a mid-year termination of the S corporation status

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Overview

Prerequisites

Understanding the basics of taxation of individuals, 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.

Provider

California CPA Education Foundation

This event has ended.