​​​​​​​​​​​​​Preparing S Corporation Returns On-demand Online Workshop

8​ CPE for AFSP, EA, CPA, CRTP​​

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Summary​

Many tax professionals are expanding their client base to include business clients and, as a result, they need to know how to prepare business returns. This course is designed for tax professionals who are new to preparing S corporation tax returns. The course material will guide tax professionals through Form 1120-S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules. A comprehensive example showing how to apply the guidance ties everything together the end.

Objectives

Upon completion of this course, you will be able to:

• Identify businesses eligible to make the S election
• Prepare Form 2553, Election by a Small Business Corporation
• Choose a tax year and accounting method for an S corporation
• Prepare a basic Form 1120-S, including Schedules K, K-1, L, M-1 and M-2
• Summarize the unique fringe benefit rules for more-than-2% shareholders
• List income and expense items that differ for book and tax purposes

Course details

The workshop includes e-book, presentation slides and access to the workshop recording.​

​Presented by: Larry Zimbler, MST, EA​
Course year: 2024
Duration: 8 Credit Hours
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: QAS Self Study
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How to earn CPE

To receive credit for this on-demand online workshop, you must make at least one attempt to answer each of the review questions included with the video. You must also successfully pass the course exam with a score of 70% or better. The course and exam will expire one year from the date of purchase.​​

Cancellation policy

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