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.
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
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
Basic understanding of individual income taxation
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at firstname.lastname@example.org, and a team member will contact you shortly.
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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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