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Preparing Form 1120S: Part 1 (Half-Day Webinar) (Completed)

Date: Monday, September 25, 2023
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC

The IRS has recently made changes to Form 1120S. We’ll present a comprehensive course on preparing Form 1120S, including in-depth treatment of the complex issues.

Join expert Greg White, CPA, as he walks you through how to complete Form 1120S and apply new rules that are crucial to properly preparing Form 1120S.

Topics Covered

  • When must a S corporation return be filed?
  • How to answer questions on Schedule B of the return
  • Answering Form 1120S questions on passive activity grouping
  • How to determine the amount of "reasonable compensation" shareholders should receive
    • And a special rule for shareholders who have minimal involvement in the S corporation's business
  • How to eliminate late-filing penalties for S corporation returns

Learning Objectives

  • Learn how to complete Form 1120S on a line-by-line basis
  • Identify strategies to eliminate late-filing penalties for S corporation returns
  • Recognize how to determine how to answer Form 1120S questions on passive activity grouping
  • Determine how to correctly answer questions on Schedule B of Form 1120S

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None

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