Description
Join tax expert Greg White, CPA, for a lively walkthrough of Form 1120-S. He’ll break down the must-know rules, show you how to apply them in real-life scenarios, and make the prep process feel a lot less painful. You’ll walk away with sharper skills, practical insights and a few laughs along the way. – Part 2
Event Level: Intermediate
Who Should Attend: CPAs and tax professionals involved in the world of tax
Required Knowledge: Some experience in the federal taxation of S corporations.
Advanced Preparation: None
Vendor: Don Farmer Tax Education
Speaker: Koutelieris, George
Speaker: White, Greg
Objective
* 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. MAJOR TOPICS * 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.
Advanced Preparation
None
Required Knowledge
Some experience in the federal taxation of S corporations.
Who Should Attend
CPAs and tax professionals involved in the world of tax
Credit Types
- CPE – Taxes
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Member | Member | $160 |
| Non Member | Non Member | $320 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.