Preparing S Corporation Returns Self-Study
8 CPE for AFSP, EA, CPA, CRTP
| Premium | Professional | Basic | Not a member | |
Self-study with e-book | $0 | $194 | $245 | $258 | Register |
Self-study with e-book and print book | $43 | $237 | $299 | $315 | Register |
Print book (No CPE) | $86 | $86 | $108 | $114 | Purchase |
Self-study
with e-book
Premium
$0
Professional
$194
Basic
$245
Not a member
$258
Register Self-study
with e-book and print
Premium
$43
Professional
$237
Basic
$299
Not a member
$315
Register Book Only
(NO CPE)
Premium
$86
Professional
$86
Basic
$108
Not a member
$114
Purchase Check my membership level.
Summary
Many tax professionals are expanding their client base to include business clients. As a result, they need to know how to prepare a tax return for an S corporation, which is a common tax classification. This course is designed for tax professionals who are new to preparing S corporation tax returns. The course material explains how to become an S corporation and guides tax professionals through Form 1120-S, U.S. Income Tax Return for an S Corporation, and its accompanying schedules. We begin with an example, and as the text progresses, we apply the course material to the example and finish with a completed Form 1120-S.
Objectives
Upon completion of this course, you will be able to:
- Determine which businesses are eligible to be an S corporation
- Make a valid S election by filing Form 2553, Election by a Small Business Corporation
- Summarize the tax consequences of transferring property or services to an S corporation in exchange for stock of the corporation
- Choose a tax year and accounting method for an S corporation
- Explain how to report S corporation items on Form 1120-S and Schedule K-1
- 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
This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.
Course Year: 2024
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: QAS Self Study
| CPE Credits | Designation | Field of Study |
IRS | 8 | AFSP | Federal Tax Law Topic |
IRS | 8 | EA | Federal Tax Law Topic |
NASBA | 8 | CPA | Taxes |
CTEC | 8 | CRTP | Federal Tax Law Topic |
CFP Board | 0 | CFP® | N/A |
Table of Contents
How to Earn CPE
To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.
Self-study courses and exams generally expire one year from the date of purchase.
Cancellation Policy
Because this is an online education offering, it is nonrefundable.