Course Description

This directed discussion, advanced-level course will review Sub-S corporations and LLCs taxed as a Sub-S. Discussion will cover formation, operation, contributions, and cash distributions. Recent changes in law or rulings will be emphasized. The materials will cover dissolution of a Sub-S corp and impact of shareholders’ choices on taxes. One example is the contribution of property to the corporation upon organization and its subsequent sale. The focus will be on closely-held corporations although the instructor may address all types of Sub-S corp questions. Primary class material will come from the course text, S Corporation Taxation. You will be working with facts and the tax consequences for shareholders and the Sub-S corporation.

Take a look at our online brochure.

IRS Program #4552U-T-00012-15-I

Who Should Attend

This is a dedicated tax school for business entities taxed as a Sub-Chapter S corporation.

Attend and You Will Receive

  • The course text: S Corporation Taxation
  • A certificate of completion from NC State University.
  • Recommended 16 hours of CPE credit


There are no prerequisites or advanced preparation for this course.

Attend and You Will Learn / Expected Outcome

Expected Outcomes

Upon completion of this course, participants will be able to:

  • Understand the basic eligibility rules
  • Apply the late election relief rules
  • Comply with IRS policy and judicial rules regarding compensation of shareholder-employees
  • Use new and old, but still valid, basis planning techniques
  • Comprehend the relationship of the net investment income tax to S corporation shareholders
  • Gain awareness of the built-in gains tax
  • Develop strategies for using subsidiary corporations
  • Compare options for structuring the purchase or sale of an S corporation 

Notes / Additional Information

About your instructor:

Robert W. Jamison, CPA, Ph.D. is Professor Emeritus of Accounting at Indiana University, Purdue University,Indianapolis (IUPUI). He worked as senior manager in Ernst & Young’s Washington National Tax practice. His principal area of specialization is S Corporations. He is the sole author of S Corporation Taxation and co-author of Multistate Tax Guide to Pass-Through Entities. Professor Jamison has taught and developed material for professional education programs for national and local accounting firms. He has been a lecturer in AICPA programs and is the author of several AICPA tax courses. He is a chapter author in the Van-Griner Taxation Series of textbooks and a regular contributor to Land Grant University Tax Education Foundation, Inc.'s National Income Tax Workbook. He is a frequent speaker at the Indiana Tax Institute, as well as at tax conferences sponsored by other states’ CPA societies.

Thank you for your interest in this course. Unfortunately, the course you have selected is currently not open for enrollment. Please complete a Course Inquiry so that we may promptly notify you when enrollment opens.