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

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.






   

Presented by: Randy Lawshe', EA

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar 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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