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1120S Preparation and Planning 4: Other Schedules and Tax Planning (2007 Edition)

Sidney Kess and Barbara Weltman

Part 4 of 1120S Preparation and Planning provides an overview of Schedules L, M-1, M-2, M-3 and K-1. The course reviews distributive shares, the differences between Schedule K and K-1 and shareholder basis.

Planning opportunities available for S Corporations are provided, and a discussion of when it is advisable to elect S status, versus when it is not, is included.

The course also provides tips to help you avoid common errors when preparing Form 1120S. New developments are noted throughout the course.
Course Details
Price:  $36.00
Field of Study:  Taxes
Prerequisites:  1120S Preparation and Planning 3: Schedule K (2007 Edition)
Level:  Update
CTEC course number:  1075-CE-9528
Course was last updated on:  12/17/06
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Technical Requirements:
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Credit Available For: Units
CPE 3 CPE
QAS 3 CPE
Enrolled Agent (Accepted by the IRS) 3 CPE
CTEC Federal 3 CE

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.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: GLENN H. submitted on 01/26/2008
PRACTIAL POINTERS
Reviewer: LAURIE S. submitted on 06/09/2007
Planning Points were helpful along w/ references to code sections.
Reviewer: Nancy P. submitted on 01/03/2006
Shareholder's basis
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