​​​​​Preparing S Corporation Returns On-Demand Workshop

8 CPE for AFSP, EA, CPA, CRTP

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Summary

Tax professionals with experience preparing individual income tax returns may find S corporation tax returns daunting. This online workshop is for tax professionals adding the preparation of S corporation returns to their business. Take this hands-on course to receive the knowledge necessary to accurately prepare Form 1120-S, U.S. Income Tax Return for an S Corporation, and the schedules that accompany this form. At the end of the course, we will guide you through a comprehensive case study and the preparation of Form 1120-S.

Objectives

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

  • List the advantages and disadvantages of forming an S corporation
  • Identify businesses eligible to make the S election
  • Make an S election, including a late election
  • Choose a tax year and accounting method for an S corporation
  • Complete a basic Form 1120-S, including Schedules K, K-1, L, M-1 and M-2
  • Identify income and expense items that differ for book and tax purposes
  • Determine amounts to pass through and allocate to each shareholder
  • Identify separately stated items for Schedule K-1​

Course Details

This workshop includes QBI and Choosing a Business Entity e-book and access to the workshop recording.​

​Presented by: Kathryn Keane, EA
Course Year: 2020
Duration: 8 Credit Hours
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group Internet Based

CPE CreditsDesignationField of Study
IRS8AFSPFederal Tax Law Topic
IRS8EAFederal Tax Law Topic
NASBA8CPATaxes
CTEC8CRTPFederal Tax Law Topic
CFP Board0CFP®N/A

How to Earn CPE

To receive full credit for this on-demand online workshop, you must make at least one attempt to answer each of the review questions included with the video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.​

Cancellation Policy

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

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