Form 1120S - Preparation and Analysis

Instructor

Mary Jane
Hourani

This course is designed for financial professionals looking to understand Form 1120S. It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Participants will also learn how to calculate shareholder basis and understand the strategic advantages and limitations of an S corporation.

*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Learning Objectives

Define the key concepts of S corporation taxation.
Identify the various types of income and deductions for S corporations.
Recognize the importance of shareholder basis in S corporations.
Implement proper allocation methods for income, deductions, and credits.

Major Topics

S corporation taxation fundamentals
Income and deductions for S corporations
Shareholder basis calculation
Reporting requirements for Form 1120S
Advanced tax planning strategies

CPE Credits Available

2 CPE

2: Taxes

Things to Know About This Course

Course Level

Basic

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

CPAs, EAs, attorneys, bankers, and financial planners

Provider

ACPEN

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Price includes $0.00 early registration discount(s) - expires 9/23

Price includes $0.00 early registration discount(s) - expires 9/23
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Price includes $0.00 early registration discount(s) - expires 9/23

Price includes $0.00 early registration discount(s) - expires 9/23

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