Help  |  Pay an Invoice  |  My Account  |  CPE Log  |  Log in

Webinar

Form 1120S: Preparation and Analysis

If you have questions about this event, please call us at 952-831-2707.

Saturday, Nov. 30, 2024
9-10:50 a.m. Central
2 CPE (2 technical)

Course code: 24WA-8450
View pricing

Alternate dates & more options


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
checkmark 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.

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

Search CPE catalog

If you have questions about this event, please call us at 952-831-2707.