Reviewing S Corporation Tax Returns: What Are You Missing?

Thursday, August 28 8:00am - 12:00pm CDT

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Webinar

4.00 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

A case-based approach to learning about the common errors practitioners make on S corporation tax returns.

Highlights

Common errors made involving the following tax forms:

Form 1120-S

Schedule K-1

Schedules K-2 and K-3

Schedule L

Schedules M-1 and M-2

Form 4562

Form 4797

Prerequisites

Experience with S corporation tax return preparation

Designed For

CPAs

Managers and partners responsible for reviewing returns

Objectives

Identify the accounts that affect the accumulated adjustments account.
Identify which items go on page 1 of Form 1120-S and which go on Schedule K.
Determine how capital gains and losses are disclosed on Form 1120-S.
Determine how wash sales and installment sales are treated by S corporations.
Determine the tax consequences when a newly converted S corporation sells appreciated property it acquired while operating as a C corporation.
Determine the tax consequences associated with the distribution of appreciated property by an S corporation to a shareholder in redemption of stock.

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.