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S Corporations: Eligibility and Qualification Requirements

Taxes

S Corporations: Eligibility and Qualification Requirements

Course 32802A · 2 hrs · CPA & EA

Before a corporation can enjoy pass-through taxation, it must meet a strict set of requirements—and staying qualified takes ongoing attention. This course covers the rules a corporation must satisfy to elect and maintain S corporation status, including shareholder limitations, eligible shareholder types, and stock class restrictions. Whether you're helping a client make the initial election or reviewing an existing structure for compliance risk, understanding these foundational requirements is essential. A practical resource for tax professionals advising closely held businesses at any stage.

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  • Hours: 2
  • Exam questions: 9
  • Eligible for: CPA & EA
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NASBA Area: Taxes

CPE requirements: See your state's CPE requirements

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S Corporations: Eligibility and Qualification Requirements
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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 387 active self-study courses in Accounting, 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.

Pricing:

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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All courses completed with a passing score are automatically reported to the IRS as long as you have provided your PTIN number to us. Courses are reported every business day, but please note that the IRS may take up to 48 hours to post recently reported credits in your PTIN account online.

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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.