BEGIN:VCALENDAR VERSION:2.0 CALSCALE:GREGORIAN METHOD:PUBLISH PRODID://NDCP//414379 BEGIN:VEVENT DTSTAMP:20260506T020354 VTIMEZONE:America/Chicago DTSTART:20260127T140000Z DTEND:20260127T220000Z UID:414379 SUMMARY:S Corporations: Comprehensive walk through of Form 1120S LOCATION:Webinar DESCRIPTION:S Corporations: Comprehensive walk through of Form 1120S\n\n01/27/26 08:00 AM CST\n - 01/27/26 04:00 PM CST\Description:\nThis course is designed for financial professionals looking to understand Form 1120S. It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed. It will further compare the S Corporation to other forms of entities, along with compliance with corporate formalities. Highlights of Form 1120S will be discussed, including build-in capital gains, accountable plans, taxable fringe benefits, officer reasonable compensation and audit strategies. Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.Objectives:After attending this presentation, you will be able to... Compare S Corporations to other entity structures to assess suitability. Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19. Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3. Analyze I.R.C. 1361 and 1362 in the context of S Corporation elections and compliance. Identify and address S Corporation eligibility errors and implement corrective measures. Apply corporate governance procedures and corporate formalities. Assess shareholder stock and debt basis rules and implications. Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans. Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3. Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.Instructor:Mary Jane Hourani, MM, EA, NTPI FellowFields of Study:TaxesMajor Topics:The major topics that will be covered in this course include:Subchapter S status election and compliance requirementsRelief for late Form 2553 filings under Rev. Proc. 2022-19Comparison of Rev. Proc. 2022-19 and Rev. Proc. 2023-3I.R.C. §1361 and §1362 analysis for S Corporation electionsCorporate governance and formalities complianceShareholder stock and debt basis rulesBuilt-in capital gains and other aspects of Form 1120SSchedules K-1, K-2, and K-3 preparation and reporting requirementsOfficer reasonable compensation: requirements, advisory strategies, and audit defensesS Corporation eligibility errors and corrective measures\Location:\nWebinar\n\n, X-ALT-DESC;FMTTYPE=text/html:S Corporations: Comprehensive walk through of Form 1120S

01/27/26 08:00 AM CST - 01/27/26 04:00 PM CST
Description:
This course is designed for financial professionals looking to understand Form 1120S. It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed. It will further compare the S Corporation to other forms of entities, along with compliance with corporate formalities. Highlights of Form 1120S will be discussed, including build-in capital gains, accountable plans, taxable fringe benefits, officer reasonable compensation and audit strategies. Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well.


This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:
After attending this presentation, you will be able to...
Compare S Corporations to other entity structures to assess suitability.
Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19.
Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3.
Analyze I.R.C. 1361 and 1362 in the context of S Corporation elections and compliance.
Identify and address S Corporation eligibility errors and implement corrective measures.
Apply corporate governance procedures and corporate formalities.
Assess shareholder stock and debt basis rules and implications.
Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans.
Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3.
Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.

Instructor:
Mary Jane Hourani, MM, EA, NTPI Fellow

Fields of Study:
Taxes

Major Topics:

The major topics that will be covered in this course include:


Location:
Webinar

, PRIORITY:3 TRANSP:TRANSPARENT BEGIN:VALARM TRIGGER:-PT5M ACTION:DISPLAY DESCRIPTION:Reminder END:VALARM END:VEVENT END:VCALENDAR