Introduction to S Corporations

Course Objectives:

Introduce the basic concept of an S corporation
Discuss the major advantages of an S corporation
Discuss the major disadvantages of an S corporation
Explain the requirements of the S election
Introduce Form 1120S, including Schedule K-1
Explain the taxation of S corporation shareholders
Discuss special S corporation taxes

Applicability and Assumptions

This course is restricted to a discussion of the federal income taxation of S corporation. It does not discuss the taxation of S corporations by individual state.  Current as of publication date
January 2001

Target Audience: All personnel interested in a basic understanding of S corporations

Study time: 2 hours

Author:
Digital University Staff
Assisted by:
Dr. Cynthia Bird
Professor of Accounting
California State University, San Bernardino

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