1120S Preparation and Planning 3: Schedule K (2018 Edition) (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

This course, the third in the series, reviews S corporation income tax return preparation. The course provides details on the type of income and deductions that should be reported in Schedule K.

This two CPE hour course, the third in the series, reviews S corporation income tax return preparation. The course provides details on the type of income and deductions that should be reported in Schedule K.

Publication Date: October 2017

Designed For
Tax practitioners.

Topics Covered

• Reviews S corporation income tax return preparation
• Details on the type of income and deductions that should be reported in Schedule K

Learning Objectives

• 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

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None