1120S Preparation and Planning 1: Tax Fundamentals (2018 Edition)

Authored by Barbara Weltman, Sidney Kess
About this Course
Topics covered include: Review S corporation income tax return preparation; Introduces Form 1120S; List items of income, deductions, credits, and other items from the operation of an S Corporation. Upon completing this course, you should be able to: Accurately prepare tax returns for S corporations; Describe how recent legislation, court decisions and revenue rulings impact the preparation of Form 1120S; Identify planning opportunities and avoid problems when preparing the Form 1120S; Answer client questions regarding the preparation of returns for S corporations with accuracy and confidence; Describe the nature of the return for S corporations; State when the return is due and how to obtain a filing extension; Cite the requirements for S corporation status and how to make an S corporation election; Complete the top of page 1 of Form 1120S; Apply the accounting method and tax year limitations for S corporations; Complete Schedule B, page 2 of Form 1120S.
$ 40.00
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NASBA Field of Study
Taxes
Level
Basic
CPE Credits
5.0
Prerequisites
None
Last Updated
04/23/2018
11965