There are many factors to consider when deciding whether or not an S corporation status is right for your clients. This course will examine what S corp status is, how it is achieved, and how it can be lost. Additionally, it will address how to practically assess your clients for eligibility and feasibility of filing for S corp status and receiving S corporation benefits. When you work on business taxes, clients will ask you about corporate entity types. They want to gain the best advantage for their own finances and maximize their profits. By knowing how to advise them, you can create an additional line of consulting work and prevent clients from seeking out another firm. 

Stay current on regulations and tactics concerning S corporation benefits and status. Get lessons from an experienced professional. Canopy Tax chooses instructors from current and previous tax experts who can help you improve your own tax practice. After this course, you will: 

• Understand what entities can elect to be taxed as an S corp and how to make that election
• Learn what actions will disqualify an entity from S corp status
• Review the impact of 199A on S corps
• Understand what the benefits and restrictions of an S corporation are
• Understand the issues impacting reasonable compensation for shareholders
• Know the “right stuff” for S corp clients

Your clients have a basic knowledge of corporate entities. They have talked about them with their colleagues and want the benefits of selecting the right entity type. Show that you are the right tax professional to connect them with the advantages they need. Take this free course today.

 Enroll now in my free Subchapter S Corp Basics Course