About this Course
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.