Date/Time
12/4/2025
12:00 PM - 4:00 PM Central
12:00 PM - 4:00 PM Central
Event Registration
Event Type(s)
Webinars
Event Description
Training your reviewer's eye.
The complexity of S corporation tax law presents a formidable challenge to tax practitioners for accurate compliance and reporting of S corporation activities.
The course identifies the common errors practitioners make on S corporation tax returns that review staff should spot.
Four returns for you to review.
Learners can fine-tune their reviewing skills by examining case studies of sample tax returns that may warrant additional information from the client and areas of tax law where proper treatment requires additional analysis and information. Issues discussed include:
In-course application:
Learners get access to four 2024 individual returns and try their hand at reviewing them for:
Common errors made involving the following tax forms:
Level: Intermediate
Prerequisite: Experience with S corporation tax return preparation
Who should attend:
4 CPE Hours
Members: $225.00
Non-members: $269.00
The complexity of S corporation tax law presents a formidable challenge to tax practitioners for accurate compliance and reporting of S corporation activities.
The course identifies the common errors practitioners make on S corporation tax returns that review staff should spot.
Four returns for you to review.
Learners can fine-tune their reviewing skills by examining case studies of sample tax returns that may warrant additional information from the client and areas of tax law where proper treatment requires additional analysis and information. Issues discussed include:
- Income and deductions
- Schedule K-1 reporting requirements
- Schedule K-2 and K-3 reporting requirements and the domestic filing exception
In-course application:
Learners get access to four 2024 individual returns and try their hand at reviewing them for:
- Errors
- Areas for improvement
- Opportunities to educate or advise the client
Common errors made involving the following tax forms:
- Form 1120-S
- Schedule K-1
- Schedules K-2 and K-3
- Schedule L
- Schedules M-1 and M-2
- Form 4562
- Form 4797
- Identify the accounts that affect the accumulated adjustments account.
- Identify which items go on page 1 of Form 1120-S and which go on Schedule K.
- Determine how capital gains and losses are disclosed on Form 1120-S.
- Determine how wash sales and installment sales are treated by S corporations.
- Determine the tax consequences when a newly converted S corporation sells appreciated property it acquired while operating as a C corporation.
- Determine the tax consequences associated with the distribution of appreciated property by an S corporation to a shareholder in redemption of stock.
Level: Intermediate
Prerequisite: Experience with S corporation tax return preparation
Who should attend:
- CPAs
- Managers and partners responsible for reviewing returns
4 CPE Hours
Members: $225.00
Non-members: $269.00
Location
Online
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