Preparing Form 1120S: Part 1 (Half-Day Webinar)
Date: Friday, December 5, 2025
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 |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
We'll cover preparation of Form 1120-S and have some fun along the way.
Who Should Attend
Tax professionals who practice in the S corporation area.
Topics Covered
- When must an S corporation return be filed?
- How to answer questions on Schedule B of the return.
- When must Schedule 1125-E (officers’ compensation) be filed? What information is reported?
- 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 1120-S 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 1120-S questions on passive activity grouping.
- Determine how to correctly answer questions on Schedule B of Form 1120S.
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Some experience in the federal taxation of S corporations.
Advance Preparation
None
