Don Farmer's Preparing Form 1120S: Real-World Insights & Practical Tips for S Corporation Returns

Overview

*** Save 15% on this event when you use the code WINTER15 at checkout ***

Join us for a lively walkthrough of Form 1120-S. Explore the must-know rules, find out how to apply them in real-life scenarios, and discover ways to make the prep process feel a lot less painful. You’ll walk away with sharper skills, practical insights and a few laughs along the way.

This course is part of a two-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.

Highlights

Prerequisites

Some experience in the federal taxation of S corporations.

Objectives

• Learn how to complete Form 1120S on a line-by-line basis.
• Identify the requirements that waive the requirement to file Schedules K-2 and K-3.
• Identify how to categorize income and expense items to the accumulated adjustments account, the accumulated earnings account and the other adjustments account.
• Identify the disclosure requirements for Schedules K-1. 
• Apply the “closing of the books” election.