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S Corporation Taxation: Comprehensive (Form 1120S) Webinar


Nov. 4
9:30 a.m. - 5:00 p.m.

CPE Credits



PICPA Member: $295 | Nonmember: $400

 More Information

Course No.
General knowledge in individual and S corporation income taxation.


Identify how to form an S corp and calculate its initial inside basis in the assets and shareholder's stock and debt basis.Show how to prepare a basic S corp (Form 1120S) Schedule K and Schedule M-2, including the reporting of cash and non-cash distributions.Determine how Schedule K items get allocated to the shareholders on their individual Schedule K-1.Recognize three main reasons for calculating a shareholder's basis in a S corp.Calculate a shareholder's stock and debt and determine if losses and deductions are limited on their individual income tax return.


Get a comprehensive review of the laws and regulations impacting S corporations. Be prepared to handle the IRS' 2017 announcement that targets the improper reporting and calculations of stock basis.Course topics cover issues surrounding reasonable compensation, distribution taxation, the use of Qualified Subchapter S Subsidiaries, allocation of annual operational income and loss and proper methods for calculating basis of stock and debt calculations. Learn how to properly prepare a Form 1120S by addressing difficult compliance issues and common errors.


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