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Schedule M-2 Preparation & Tax Ramifications of S Corporation Distributions

2:30 pm–4:10 pm ET

CPE SelectAvailable with CPE Select

# of CPE Credits

2

Description

This comprehensive training is designed to get the accountant up to speed quickly on how to prepare the S Corporation Schedule M-2 and determine the tax ramifications of distributions.

Objective

Once participants have completed this session they should be able to * Prepare the S Corporation Form 1120S Schedule M-2 * Determine if any S Corporation distributions are taxable as dividends to the shareholders and know how to report them on the S Corporation tax return

Highlights

This session will * Review Schedule M-2, providing a detailed step-by-step analysis of the AAA, OAA, and PTI accounts * Look at the tax treatment of distributions when the S Corporation has prior C Corporation earnings and profits (E&P) and how to report them on the Schedules K and K-1

Who Should Attend

Tax professionals who need an in-depth training on how to prepare the S Corporation Schedule M-2 and determine the tax ramifications of distributions

Required Knowledge

Basic understanding of individual income taxation

Advanced Prep

None

Event Speaker(s)

J. Patrick Garverick ( Garverick CPE, Goodyear, AZ ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at onlinelearning@ncacpa.org, and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at support@peachnewmedia.com.

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.

CPE Select Pass Policies
The CPE Select pass is available only for NCACPA members and the price is applicable for an individual user. The pass includes access to on demand and webinar programs, but excludes webcasts, “hot topic” webinars, and on demand Ethics programming. All eligible programs for the CPE Select pass will be marked in the online catalog and in promotions. Licensed CPAs who elect the student membership status must provide proof of enrollment in an advanced degree.

The CPE Select pass grants unlimited access to qualifying webinars and on demand programs on a calendar-year basis. Early bird pricing runs January 1 through May 31, and regular pricing runs June 1 through December 31.

We anticipate a spike in webinar activity later in the calendar year, and NCACPA is not liable for third-party service outages that may occur. Please plan your CPE before 12/31 to avoid any unforeseen technology issues.

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Also Available As

Webinar
Tuesday, November 5, 2019 (10:30 am–12:10 pm ET)
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Webinar
Friday, January 17, 2020 (10:30 am–12:10 pm ET)
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Webinar
Wednesday, March 4, 2020 (1:00 pm–2:40 pm ET)
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Event Vendor:Phoenix Beach, LLC
Field of Study:Taxes
Level: Intermediate
Other:Enrolled Agent

Event Type:Webinar
Event Code:WB026019

Registration Fees

Registration Fee Early Bird Regular
CPE Select N/A $0.00
NCACPA Member N/A $85.00
Non-Member N/A $120.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with 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 more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800- 469-1352.