Subchapter S Corporation - Federal Tax Issues for the Shareholders
RegisterMember Price:
$69
Non-Member Price:
$99
Your Course Price: 99.00
CE Credits
2
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
None
Course Instructor
Nina Tross MBA, EA
Delivery Method
Streaming/Online
Date
Friday, November 14, 2025
Time
IRS CE
None
NASBA CPE
None
CTEC Credits
Credits not offered
Schedule
Session Begins: 1:00 PM ET/12:00 PM CT/11:00 AM MT/10:00 AM PT
Session Concludes: 3:00 PM ET/2:00 PM CT/1:00 PM MT/12:00 PM PT
The Form 1120-S is unique because it provides for the pass-through of corporate income deduction, losses and credits. It also provides for the issuance of attributes of both payroll and distributions to the active shareholders of the S Corporation. The pass-through treatment of each of the business attributes is also reported separately on the individual income tax returns. Tax considerations such as stock basis, debt basis, reasonable compensation, depreciable assets, and shareholder distributions will be reviewed.
At the completion of this session, the participants will be better equipped to:
- Understand the elements of preparing the Form 1120-S, U.S. Income Tax Return for an S Corporation;
- Identify the elements of the Schedule K-1 (Form 1120-S) which reports the shareholder’s share of the corporation’s income, deductions, credits, etc.
- Properly account for the individual shareholder’s stock basis and debt basis, the distribution of capital, and the effect basis has on the limitation of losses passed through to the shareholder’s on their Schedule K-1.
Administration: Streaming
Streaming Refunds
- Once your registration confirmation is emailed, due to the proprietary materials and content of Streaming orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Streaming Disclaimer
- Streaming materials and Streaming presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Streaming materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
- For streaming courses that offer course materials prior to the course date, cancellations, refunds, or transfers to another course are not allowed. Once the course material is emailed, there are no cancellations, refunds, or transfers to another course.
Attendance Monitoring and Awarding CE
- Streaming courses employ a pop up tool for tracking attendance. According to NASBA guidelines, you need to respond to at least three popups per hour to qualify for continuing education (CE) credits. We have included several additional pop ups throughout the course to ensure all participants have the opportunity to earn the full CE credits available. CE credits cannot be earned by participating in the streaming course via phone only.
Other Administrative Policies
- Access Link: You will receive an email with a link to access the course once your payment has been successfully processed.
More Information
For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.
Technical Information:
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