August 11 – 12, 2026

Webinar

16 CPE Credits

Webinar (CA): Staff Tax Training: S Corporations (Form 1120S) 26-27 🗓

August 11 – 12, 2026
Webinar
16 CPE Credits

Webinar (CA): Staff Tax Training: S Corporations (Form 1120S) 26-27 🗓

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    Instructor

    Patrick
    Garverick

    View Bio

    Patrick Garverick

    Bio

    J. Patrick (Pat) Garverick is a Certified Public Accountant (CPA) who began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country. In addition to being a CPA, Pat is also a Certified Financial Planner (CFP). Pat has presented continuing education sessions since 1993 throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. During his time in college Pat earned a letter as a member of the Ohio State Basketball squad. He remains a stanch supporter of the sports programs at his alma mater.

This two-day training co

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urse provides a comprehensive understanding of the Federal income tax laws applicable to S corporations and their shareholders. The cornerstone of this course is the integration of the most recent tax laws and theories into real-world case scenarios and preparing and reviewing the IRS tax forms and schedules. Attendees will receive a comprehensive S corporation income tax reference manual that includes practice aids, real-world examples, new Federal income tax forms and programs, and Pat Garverick's Quick Reference Chart. This session is taught using a hands-on methodology. Real-world examples and cases demonstrate the complex income tax code and regulations to enhance the participant's learning experience. Each participant will receive a comprehensive S corporation income tax reference manual that includes numerous practice aids, real-world examples, new Federal income tax forms and schedules, and Pat Garverick’s Quick Reference Chart.

Learning Objectives

• Understand the Federal income tax laws applicable to S corporations and their shareholders from formation to liquidation (i.e. theory) and apply this from a tax-form perspective (i.e. tax preparation)
• Prepare a complete Form 1120S income tax return and related schedules with minimal review points

Major Topics

• An extensive review of the S corporation tax laws with an emphasis on any new legislative changes Form 1120S (and related schedules) preparation issues
• S corporation formation issues and liquidations
• Form 2553 S corporation elections and late IRS election procedures
• Schedule K and K-1’preparation issues including separately and non-separately stated income and expense items (including the 20% qualified business income (QBI) deduction, 3.8% net investment income tax, business interest deduction limitations, fringe benefits and entertainment expenses)
• S corporation revocation and termination and allocation of income during short S and C corporation years
• Unreasonably low officer compensation issues
• Tax treatment of fringe benefits paid to 2% shareholders and family members
• Schedule D’built-in gains (BIG) tax computation and planning opportunities when converting from a C to S corporation
• Excess passive investment income tax issues
• Schedule M-2’detailed step-by-step analysis of the AAA, PTI, E&P and OAA accounts and look at the tax treatment of distributions when the S corporation has prior C corporation earnings and profits (E&P)
• Overview of calculating a shareholder’s stock and debt basis and discuss how S corporation losses and deductions can be limited to basis and the at-risk rules

CPE Credits Available

16 CPE Credits
16
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Corporate Tax
  • Pass-thru Entity (PTE)
  • Tax
  • Enrolled Agent - IRS Credit Eligible

Prerequisites

Basic understanding of individual income taxation.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Tax return preparers, staff accountants, and paraprofessionals with little or no experience. Also, out of practice public accountants seeking a comprehensive basic S corporation income tax course.

Provider

California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 589 589
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  • COCPA Non-Member

    $ 779 779
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