Course Description: This course covers the rules regarding the formation and termination of S corporations. It examines the eligibility requirements, the mechanics of filing an S corporation election, and shareholder consents, including the procedures for filing late S corporation elections and late shareholder consents. It also discusses the various ways an S corporation election may be terminated — either voluntarily or involuntarily — and the mechanisms for obtaining relief for an inadvertent termination as well as getting permission for re-election as an S corporation within five years of a termination.
Course Level: Basic
Course Prerequisites: None
Delivery Method: Self-study
After completing this course, you will be able to: