Form 1120S: Preparation and Analysis
Tuesday, Feb. 4, 2025
11 a.m.-12:50 p.m. Central
2 CPE (2 technical)
Course code: 24WA-033B
View pricing
- Wednesday, Dec. 4, 2024 - Webinar
- Tuesday, Dec. 24, 2024 - Webinar
- Tuesday, Dec. 31, 2024 - Webinar
- Wednesday, Jan. 15, 2025 - Webinar
- Saturday, Jan. 25, 2025 - Webinar
- Wednesday, Feb. 5, 2025 - Webinar
- Wednesday, Feb. 26, 2025 - Webinar
- Tuesday, March 11, 2025 - Webinar
- Wednesday, March 19, 2025 - Webinar
- Saturday, March 29, 2025 - Webinar
This course provides an in-depth exploration of Form 1120S, the tax return form used by S corporations. Students will learn the intricacies of preparing and analyzing this form, including how to determine the taxable income of the S corporation, how to properly report and allocate income, deductions, and credits, and how to calculate the shareholder's basis in the S corporation.
- Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Major subjects
-
Understanding the definition and requirements of an S corporation, the benefits and limitations of choosing this entity type, and the eligibility requirements for shareholders
-
Income and Deductions: Understanding the different types of income and deductions that an S corporation can have, including ordinary income, capital gains and losses, depreciation, and expenses.
-
Shareholder Basis: Understanding the shareholder's basis in the S corporation, how to calculate it, and the impact of distributions on the basis.
-
Reporting Requirements: Understanding the different reporting requirements for Form 1120S, including Schedule K-1, Schedule L, Schedule M-2, and Schedule M-3
-
Tax Planning: Understanding the tax planning strategies available to S Corporations and their shareholders, including tax deferral, income shifting, and tax-free reorganizations
Learning objectives
-
Discuss Form 1120S and the skills necessary to prepare the form for S corporations
-
Prepare for 1120S
Who should take this program?
- CPAs, EAs, attorneys, bankers, and financial planners
Pricing
Standard Member Fee |
$79.00
|
Standard Nonmember Fee |
$79.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$79.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.