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S Corporation: Electing S Status and Trust Shareholders

Taxes

S Corporation: Electing S Status and Trust Shareholders

Course 32801A · 2 hrs · CPA & EA

Deciding whether to elect S corporation status is one of the most consequential choices a business owner can make. This course walks through the key tax considerations involved in making that election, helping practitioners spot planning opportunities and potential pitfalls early. It also covers the specific types of trusts that qualify as S corporation shareholders—a nuanced area that frequently comes up in estate planning and ownership structuring engagements. Ideal for CPAs and tax advisors working with closely held businesses and high-net-worth clients.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA & EA
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NASBA Area: Taxes

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S Corporation: Electing S Status and Trust Shareholders
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About Pacific CPE

Pacific CPE is a NASBA-approved and IRS-approved provider of online self-study continuing professional education (CPE) for CPAs, Enrolled Agents (EAs), and other tax professionals.

Who We Serve:

CPAs — CPE credit for state license renewal (NASBA Sponsor #143718).

Enrolled Agents, AFSP participants, and other PTIN holders — IRS continuing education credit (IRS CE Provider #TJTMJ).

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We currently offer 125 active self-study courses in Auditing, Business, Ethics, and Taxes. Each course is 2 credit hours and can be read online or downloaded as a PDF, with audio versions available for select courses. Exams are taken online with instant grading, retakes are free, and completion certificates are available immediately in your account.

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Pay-as-you-go credit packs — no subscription required. Packs range from $64.50 (16 credits) to $224.50 (80 credits), which works out to $2.81–$4.03 per credit hour, or roughly $5.62–$8.06 per 2-hour course at pack rates. Credits never expire and can be used on any course in the library.

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Frequently Asked Questions

No, your credits will never expire. You can use your credits anytime to select and complete any course in our library.