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S Corporation Income Tax Refresher Part 3: Form 1120S Schedules (2005 Edition)

Sidney Kess and Barbara Weltman

This course is the final course in a three-part series designed to provide a comprehensive review of S corporation income tax preparation. The course provides details on the type of income and deductions that should be reported in Schedule K.

The Schedule K form is used to report each item of income, deduction, or credit separately so that it can then be allocated and passed through to the shareholders on their Schedule K-1.

Also covered are tax credits and adjustments and which form they should be reported on as well as an overview of how to report foreign taxes and other items on Schedule K.

Finally, an overview of Schedules L, M-1, M-2 and K-1 is presented. New developments are noted throughout the course.
Course Details
Price:  $60.00
Field of Study:  Taxation
Prerequisites:  S Corporation Income Tax Refresher Part 2: Form 1120S: Business Income, Deductions and Tax Payments (2005 Edition)
Level:  Update
Course was last updated on:  10/05/04
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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

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: Jenny B. submitted on 12/29/2005
Ease of use.
Reviewer: Julie C. K. submitted on 12/29/2004
good organized material
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