1120S Preparation and Planning: Schedule K

Author: Barbara Weltman, Sidney Kess

CPE Credit:  3 hours for CPAs
3 hours Federal Tax Related for EAs and OTRPs
3 hours Federal Tax Law for CTEC

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 three 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: December 2016

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
  • Identify separately stated deductions
  • Complete the Deductions section of Schedule K

Level
Basic

Format
On-demand

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity

Fees
Regular Fee$59
Value Pass Fee$0

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