Preparing S Corporation Returns On-Demand Workshop
8 CPE for AFSP, EA, CPA, CRTP
Premium: $0 | Professional: $229 | Basic: $290 | Nonmember: $305
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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.
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
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
Advanced Preparation: None
Delivery Method: Group Internet Based
|CPE Credits||Designation||Field of Study|
|IRS||8||AFSP||Federal Tax Law Topic|
|IRS||8||EA||Federal Tax Law Topic|
|CTEC||8||CRTP||Federal Tax Law Topic|
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.
Because this is an online education offering, it is nonrefundable.