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S Corporation Income Tax Refresher Part 2: Form 1120S: Business Income, Deductions and Tax Payments (2005 Edition)

Sidney Kess and Barbara Weltman

This course is the second in a three-part series designed to provide a comprehensive review of S corporation income tax preparation. The course covers the reporting of trade and business income and deductions on Form 1120S and how that information is used in figuring the ordinary income or loss for the S Corporation.

An overview of taxes paid at the corporate level is addressed along with an explanation of when to use Schedule D. Finally, the course covers tax payments with an explanation of penalties that may be due for underpayment of an estimated tax, and where to enter the tax due or overpayment on Form 2220. New developments are noted throughout the course.
Course Details
Price:  $60.00
Field of Study:  Taxation
Prerequisites:  S Corporation Income Tax Refresher Part 1: Introduction to Form 1120S (2005 Edition)
Level:  Update
Course was last updated on:  10/26/04
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Technical Requirements:
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Credit Available For: Units
CPE 4 CPE
QAS 4 CPE
CFP® (Accepted by the CFP Board) 4 CPE
Enrolled Agent (Accepted by the IRS) 4 CPE
Law (Accepted by the State Bar of California) 4 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Jonathan K. submitted on 04/26/2006
Eaase of use
Reviewer: Jenny B. submitted on 12/29/2005
Ease of use
Reviewer: Ian O. submitted on 11/04/2005
thorough and final included questions from the first part of the series.
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