Course Level: Intermediate
Summary
Expand your knowledge of S corporation taxes! This hands-on course is designed for tax professionals who prepare S corporation returns. This class is ideal for individuals who have prepared S corporation returns and are looking to improve their skills to assist clients with their continuing needs.
Objectives
Upon completion of this course, you will be able to:
- Determine the S corporation’s risk for corporate level tax.
- Report book to tax differences on Schedule M-3.
- Compute and report the built-in-gains tax.
- Explain the tax consequences for bankrupt or insolvent S corporations.
- Discuss the tax treatment of ownership changes.
- Complete a final Form 1120S and related forms for an S corporation liquidation.
