Preparing S Corporation Returns Self-Study


Many small business owners file as S corporations to reduce taxes, which means there’s an increased need to add the preparation of S corporation returns to your business. If you want to learn to add this skill to your business or simply get up to speed on the most common areas of S corporation taxation, this is the course for you! Receive the knowledge necessary to accurately prepare Form 1120S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules.


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 1120S, 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.
  • Summarize the §179 expense rules for S corporations.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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

eweb keepalive image