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Schedule M-2 - How to Correctly Prepare the Accumulated Adjustments Account (AAA) and Determine the Tax Ramifications of S Cor (4173382Y)

 
Date:Monday, December 11, 2017
Time:1:00 PM - 3:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: J P. Garverick
Vendor:California CPA Education Foundation
Course Level:Intermediate
Early Bird Price:$60.00 FICPA Members, $90.00 Non-Members

Description:
This comprehensive training is designed to get the accountant up to speed quickly on how to prepare the S Corporation Schedule M-2 and determine the tax ramifications of distributions.

Objectives:
Prepare the S Corporation Form 1120S Schedule M-2 Determine if any S corporation distributions are taxable as dividends to the shareholders and know how to report them on the S Corporation tax return

Major Topics:
Schedule M-2 - detailed step-by-step analysis of the AAA, OAA and PTI accounts Look at the tax treatment of distributions when the S corporation has prior C corporation earnings and profits (E&P) and how to report them on the Schedule K and K-1

Who Should Attend:
Tax professionals that need an in-depth training on how to prepare the S-Corporation Schedule M-2 and determine the tax ramifications of distributions

Prerequisite:
Basic understanding of individual income taxation

Advanced Preparation:
None

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.