Preparing Form 1120S: Part 2 (Half-Day Webinar) (Completed)

Date: Tuesday, September 26, 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 Updates for OTRPs

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

  • How to complete Schedules M-1 and M-2
  • When you don't have to file Schedules K-2 and K-3
    • Most S corporations are not required to file these forms
  • The accumulated adjustments account, and when it's most important to compute it correctly

Learning Objectives

  • Learn how to complete Form 1120S on a line-by-line basis
  • Identify the requirements that waive the requirement to file Schedules K-2 and K-3
  • dentify how to categorize income and expense items to the accumulated adjustments account, the accumulated earnings account and the other adjustments account
  • Identify the disclosure requirements for Schedules K-1
  • Identify ineligible shareholders and how to "retroactively" fix S corp terminations


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites

Advance Preparation

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