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Instructor
Instructor
Join us for a fast-paced, interactive seminar where tax prep meets entertainment. We’ll break down the essentials of preparing Form 1120S, share real-world examples, and sprinkle in humor and practical tips to keep things lively. Whether you're a seasoned pro or looking to sharpen your skills, this seminar will make S corporation returns feel surprisingly fun.
This course is part of a two-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.
· When must an S corporation return be filed?
· How to answer questions on Schedule B of the return.
· When must Schedule 1125-E (officers’ compensation) be filed? What information is reported?
· Answering Form 1120S questions on passive activity grouping.
· How to determine the amount of “reasonable compensation” shareholders should receive.
· And a special rule for shareholders who have minimal involvement in the S corporation’s business.
· How to eliminate late-filing penalties for S corporation returns
Some experience in the federal taxation of S corporations.
None
Tax professionals.