What's the difference between Schedule C and S-Corporation? During this webinar you will learn advantages and disadvantages of becoming an S-Corporation, corporate structure, need for reasonable compensation, allocation of income, and tax savings. There will be examples of converting clients and a line by line review Form 1120S and Form K-1. You will have a class exercise on Shareholder basis and filling out form 2553. This will help you understand Shareholder’s stock basis and what causes it to adjust. We will cover an overview of form 2553, how too correctly filling out the S-Election form, and file late S-election.
Schedule:
Class: 9 AM - 12 PM
Break: 12 PM - 12:30 PM
Class: 12:30 PM - 4 PM