Preparing S Corporation Returns Online Workshop

Summary

Many tax professionals are expanding their client base to include business clients and, as a result, they need to know how to prepare business returns. This course is designed for tax professionals who are new to preparing S corporation tax returns. The course material will guide tax professionals through Form 1120-S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules. A comprehensive example showing how to apply the guidance ties everything together the end.

Objectives

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

• Identify businesses eligible to make the S election
• Prepare Form 2553, Election by a Small Business Corporation
• Choose a tax year and accounting method for an S corporation
• Prepare a basic Form 1120-S, including Schedules K, K-1, L, M-1 and M-2
• Summarize the unique fringe benefit rules for more-than-2% shareholders
• List income and expense items that differ for book and tax purposes

Course details

The workshop includes presentation slides and access to the workshop recording.

Subject matter experts will be available to answer questions during the presentation. We will make every effort to answer as many questions as possible but we may not be able to individually address all questions.

​Presented by: Genaro Cardaropoli, CPA
Course year: 2023
Duration: 8 Credit Hours
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Internet Based
​

How to earn CPE

To receive full credit for this online workshop, you must provide us with at least 70% of the polling words that are communicated by the instructor throughout the workshop. These polling words should be entered by logging into My Course Materials from the NATP website and selecting Submit My Polling Words for the course syllabus. It is possible to earn partial credit. 

Cancellation policy

​Because this is an online education offering, it is nonrefundable.​​