S Corporations from A-Z

Live Seminar

Credit Hours: 8

By: Bill Leonard, CPA, MAFF, CGMA

Registration for state sponsored events such as this one are handled by the individual states and not through our site. Contact information for registration is:

Phone: 800-222-2270

Event Description:

The discussion of S corporations includes elections using Form 2553, late “S” election, allowed shareholders, reasonable compensation, basis rules, distributions and accounting issues as well as the use of ESBT’s, QSST’s and the Q-Sub. The “S” discussion provides the forms, elections and statements needed to convert a sole proprietor to an S corporation or to convert an LLC to an s corporation, as well as the guidance needed to convert a C corporation. The rare 338 step-up election for S corporations is discussed in example form and we also provide the instructions and elections to make a deemed dividend election or to distribute E&P before AAA. We also discuss troublesome operating issues such as officer compensation, suspended losses and non-cash distributions. We analyze the effects of fringe benefits on the owners of the S corporation. The course concludes with a case study on S corporation liquidations.

Sponsor Details

State Sponsor: Independent Accountants Association of Illinois

Phone: 800-222-2270


Sponsor Details

Sponsor: Independent Accountants Association of Illinois

IAAI provides accounting and tax professionals with the very best in education, representation, legislative alertness, cutting edge technology, and the opportunity to interact with other professionals.

Attendee Requirements

Call society/sponsor for location and hotel information as needed.

All policies and registration and fees are established by society/sponsor.

Dress warmly in layers as the room may be cool.

Event Details
Event Dates and Times

TIME ZONES: PLEASE NOTE: All live seminar times are listed for the time zone which the seminar is being held.

Date:   October 05, 2017
Time:   8:00 AM    Add to Outlook
Event Location
Holiday Inn Itasca
Address: 860 W Irving Park Road Chicago, IL
Contact Information
Speaker Bio(s)
Res bill square
Bill Leonard, CPA, MAFF, CGMA

Bill Leonard CPA, CFFA holds licenses and memberships in Massachusetts, Rhode Island, Alaska and Singapore. He is the sole shareholder of W.A. Leonard & Company, P.C. and PT W.A. Leonard employing sixteen multi-lingual professionals that focus on meeting the needs of small businesses, individual...

Carmen DeVoss


Event Objective
Upon the completion of this course, the student should be able to: Prepare tax returns for S Corporations.

Field of Study

2-4 years tax preparation experience

Event Level

NASBA Category