Don Farmer's Preparing Form 1120S: Mastering S Corporation Returns
Overview
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.
Highlights
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
Prerequisites
Some experience in the federal taxation of S corporations.
Designed For
Tax Professionals
Objectives
Learn how to complete Form 1120-S on a line-by-line basis.
Identify strategies to eliminate late-filing penalties for S corporation returns.
Recognize how to determine how to answer Form 1120-S questions on passive activity grouping.
Determine how to correctly answer questions on Schedule B of Form 1120S.
Leader(s):
Leader Bios
George Koutelieris
George J. Koutelieris, CPA, MS-Tax, has practiced tax accounting for more than 24 years. He is the managing shareholder of the CPA firm Johnson & Shute, P.S. in Bellevue, Washington. George is a frequent lecturer for organizations providing professional education to other tax CPAs and has written and presented live courses and webinars for the last 10 years. Because of his understanding of tax law and ability to make it understandable, George is someone other CPAs turn to when they have difficult tax questions.
Greg White
Greg White, CPA, has practiced tax for more than 40 years. He is founder of the CPA firm WGN, P.S. in Seattle, Washington. Greg served as an Adjunct Professor at the Golden Gate University’s Seattle Campus over a 14-year period. He is licensed to practice in U.S. Tax Court and has argued cases before the Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine.
Non-Member Price $199.00
Member Price $149.00