Topics covered include: Reviews S corporation income tax return preparation; Details on the type of income and deductions that should be reported in Schedule K. Upon completing this course, you should be able to: Identify income items subject to pass-through treatment and separately stated income items; Identify tax credits and credit recapture subject to pass-through treatment; Report information necessary for claiming the foreign tax credit; Report tax preferences and adjustments for Alternative Minimum Tax (AMT); Report items affecting shareholder basis; Successfully complete Schedule K.