This course explains the basics of S corporation distributions, including the two different sets of rules for characterizing distributions for S corporations with and without earnings and profits, and the special distribution and adjustment rules. This intermediate level course is most appropriate for the professional with detailed knowledge in S corporation taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. <br/><br/>By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.