Preparing Form 1120S: Part 2 (Half-Day Webinar)
Date: Wednesday, December 10, 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
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.
Who Should Attend
Tax professionals who have S corporation clients.
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
- Loans from shareholders
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.
- Identify 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.
- Apply the “closing of the books” election.
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
None
Advance Preparation
None
