1120S Preparation and Planning 4: Other Schedules and Tax Planning (2018 Edition)

Authored by Barbara Weltman, Sidney Kess
About this Course
Topics covered include: Review S corporation income tax return preparation; Overview of Schedules L, M-1, M-2, M-3 and K-1. Upon completing this course, you should be able to: Identify when it is necessary to complete Schedules L, M-1, M-2, and M-3; Adjust and maintain an accumulated adjustments account (AAA); Successfully complete Schedules L, M-1, M-2, and M-3; Compute each shareholder's share of corporate items; Successfully complete Schedule K-1; Identify when to elect (or not elect) S status; Describe how S corporations compare with limited liability companies; Explain the impact of the additional Medicare taxes on S corporation shareholders; Avoid common errors in preparing Form 1120S.
$ 24.00
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NASBA Field of Study
Taxes
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
04/23/2018
11968