Description
Join us for part one of a fast-paced, interactive two-part seminar where tax prep meets entertainment. We’ll break down the essentials of preparing Form 1120-S, share real-world examples, and sprinkle in humor and practical tips to keep things lively. Whether you’re a seasoned pro or looking to sharpen your skills, this seminar will make S corporation returns feel surprisingly fun. – Part 1
Event Level: Intermediate
Required Knowledge: Some experience in the federal taxation of S corporations.
Who Should Attend: CPAs and tax professionals involved in the world of tax
Advanced Preparation: None
Vendor: Don Farmer Tax Education
Speaker: Koutelieris, George
Speaker: White, Greg
Objective
* 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. MAJOR TOPICS * 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.
Credit Types
- Taxes: 4
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Don Farmer: Live Online-(4 Hours) | Members | $149.00 |
| Don Farmer: Live Online-(4 Hours) | Non Members | $189.00 |
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.