24WA-8359: Form 1120S: Preparation and Analysis (Webinar)
Tuesday, November 26, 2024
11:00am - 12:50pm Central Time
2 CPE (2 technical)
- Tuesday, October 22, 2024 - Webinar
- Wednesday, October 23, 2024 - Webinar
- Wednesday, November 13, 2024 - Webinar
- Saturday, November 30, 2024 - Webinar
- Wednesday, December 4, 2024 - Webinar
- Tuesday, December 24, 2024 - Webinar
- Tuesday, December 31, 2024 - Webinar
- Wednesday, January 15, 2025 - Webinar
- Saturday, January 25, 2025 - Webinar
- Tuesday, February 4, 2025 - Webinar
- Wednesday, February 5, 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
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Understanding the definition and requirements of an S corporation, the benefits and limitations of choosing this entity type, and the eligibility requirements for shareholders
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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.
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Shareholder Basis: Understanding the shareholder's basis in the S corporation, how to calculate it, and the impact of distributions on the basis.
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Reporting Requirements: Understanding the different reporting requirements for Form 1120S, including Schedule K-1, Schedule L, Schedule M-2, and Schedule M-3
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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)
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Discuss Form 1120S and the skills necessary to prepare the form for S corporations
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Prepare for 1120S
Who should take this program?
CPAs, EAs, attorneys, bankers, and financial planners
Fees
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