This course reviews the most critical S corporation compliance matters and the tax planning opportunities that impact both entities and shareholders. Participants will gain practical guidance on shareholder loans, reasonable compensation, and reimbursed expenses, along with strategies for avoiding common pitfalls that can jeopardize an S corporation’s status.

In addition to compliance best practices, the session explores issues unique to S corporations, including basis tracking, distributions, built-in gains tax, termination risks, and late election relief. Attendees will walk away equipped with actionable strategies to help clients navigate complex regulations, minimize risk, and take advantage of tax-saving opportunities available to S corporation shareholders.

Learning Objectives:

• Understand critical compliance matters and tax pitfalls unique to S corporations.
• Apply strategies to manage reasonable compensation requirements.
• Handle late S corp elections and late filing penalties effectively.
• Evaluate best practices for shareholder loans and expense reimbursements.
• Recognize issues with basis calculations, distributions, and shareholder equity.
• Identify risks of termination and built-in gains tax exposure.
• Develop practical approaches to advising S corp shareholders.
• Implement proactive planning strategies to maximize tax benefits.

Session Highlights:

• Key compliance traps unique to S corporations
• Best practices for reasonable compensation
• Proper handling of shareholder loans
• Accountable plan expense reimbursements
• Late S corp elections & penalty relief strategies
• Basis tracking, distributions, and termination risks
• Built-in gains tax and planning opportunities
• Practical tools for advising S corp clients

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• NASBA Sponsor: 146439
• IRS Course ID: PJGWS-T-00124-25-O
• Attendance Requirement:  Yes
• Session Duration: 2 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Speaker Profile:

Jane Ryder, EA, CPA, is a nationwide professional educator.She writes and speaks on many income tax, business compliance, accounting, and tax representation topics.Jane has been providing tax preparation, accounting services, and tax collection resolution services since 1980.

She runs her San Diego CPA firm, Brass Tax Ryder Professional Group, Inc., and consults with colleagues on tax matters, audits, and business planning.