Should AAA Equal Retained Earnings?

Summary

Do you know the difference between an Accumulated Adjustments Account (AAA) and Retained Earnings (RE)? AAA amounts are earnings that have already been taxed while retained earnings are all earnings. This webinar will compare and contrast the AAA and RE of an S corporation. You will learn when and why you must adjust AAA. Together we will review an example Form 1120-S, M-2, so you can properly prepare it for your clients.

Objectives

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

  • Describe and correctly calculate AAA.
  • Describe and correctly calculate RE.
  • Identify differences between AAA and RE.
  • Accurately report AAA and RE on Form 1120S, Schedule M2.

Course Details

Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Q&A transcript and access to the webinar recording.






   

Presented by: Randy Lawshe', EA

​​​​​How to Earn CPE

​To receive full credit for a webinar, you must respond to at least 70% of the polling questions that are asked by the instructor during the webinar and you must be logged in for at least 90% of the presentation.

Please allow up to 7 days for us to verify attendance and issue certificates.

Cancellation Policy

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

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