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24WA-4459: Form 1120S: Preparation and Analysis (Webinar)

Wednesday, July 31, 2024
2:00pm - 3:50pm Central Time
2 CPE (2 technical)

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Alternate dates & more options

  • Saturday, June 15, 2024 - Webinar
  • Thursday, June 20, 2024 - Webinar
  • Friday, June 28, 2024 - Webinar
  • Tuesday, July 9, 2024 - Webinar
  • Saturday, July 27, 2024 - Webinar
  • Tuesday, August 13, 2024 - Webinar
  • Wednesday, August 21, 2024 - Webinar
  • Wednesday, September 11, 2024 - Webinar
  • Tuesday, September 17, 2024 - Webinar
  • Saturday, September 28, 2024 - Webinar
  • Wednesday, October 2, 2024 - 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 objective(s)

  • 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

Fees

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.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Arthur Werner, JD, MS (Taxation)
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level Basic
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. This course is designed for individuals who have a basic understanding of cybersecurity and the importance of protecting sensitive data. No prior experience with the IRS Cybersecurity Checklist is necessary.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more
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