Reviewing S Corporation Tax Returns: What Are You Missing?
Available for 1 year after purchase date
**OnDemand**
5.0 Credits
Member Price $135.00
Non-Member Price $165.00
Overview
A case-based approach to learning about the common errors practitioners make on S corporation tax returns.
Highlights
Key Topics
Common errors made involving the following tax forms:
- Form 1120-S
- Schedule K-1
- Schedules K-2 and K-3
- Schedule L
- Schedules M-1 and M-2
- Form 4562
- Form 4797
Prerequisites
Experience with S corporation tax return preparation
Designed For
Who Will Benefit
- CPAs
- Managers and partners responsible for reviewing returns
Objectives
Learning Outcomes
- Identify the accounts that affect the accumulated adjustments account.
- Identify which items go on page 1 of Form 1120-S and which go on Schedule K.
- Determine how capital gains and losses are disclosed on Form 1120-S.
- Determine how wash sales and installment sales are treated by S corporations.
- Determine the tax consequences when a newly converted S corporation sells appreciated property it acquired while operating as a C corporation.
- Determine the tax consequences associated with the distribution of appreciated property by an S corporation to a shareholder in redemption of stock.
Non-Member Price $165.00
Member Price $135.00