Confidently Navigate S-Corp Tax Challenges

For the right taxpayer, S-Corporations can present many tax advantages, including less self-employment income for shareholders and tax-free distributions. However, in order to take full advantage of these attributes, practitioners need to know all the nuances of these unique entities. When do we need to worry about the built-in gains tax? Are there any limits to the amount of compensation that may be paid to the shareholders? When are distributions considered in the basis ordering rules? Using practical examples from everyday situations practitioners encounter, this course will explore these issues and many more!

Learning Objectives

  • Recognize the formula for calculating S-Corp Shareholder basis

  • Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA

  • Calculate the tax effects of a distribution on shareholder basis and AAA.

  • Recall which fringe benefits will result in additional W-2 income for S-Corp shareholders

  • Calculate the Built-In Gains tax and Excess Passive Income Tax

  • Recall the rules for a late S-election

  • Recognize the tax implications of selling S-Corporation shares

Why join our live event?

Unlike crowded webinars or generic self-study content, PPE LIVE offers real engagement, real food, and real insight—at a competitive price. Join us in person and earn your credits with confidence.
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A Beautifully Refined Learning Experience – 1000 Westover at Maymont

A modern Mediterranean-style venue with unique historic features and an outdoor courtyard.

Tucked beside Maymont Park, this elegant space blends professional functionality with Southern charm—featuring natural light, architectural character, and a peaceful setting just minutes from downtown Richmond. Enjoy a full day of learning with catered lunch, fresh coffee, and light refreshments in an inspiring atmosphere perfect for thoughtful discussion and meaningful connections.
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Exterior of 1000 Westmount, a modern Mediterranean-style venue

Bundle and Save 10%! $500 $450

Attending both days?

Take advantage of our PPE LIVE Bundle – Richmond, VA and enjoy 2 full days of advanced tax training for CPAs and financial professionals. Register for the bundle and save 10%!
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Seats are limited! Reserve your spot now to gain practical insights and earn CPE credit.

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Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.