Don Farmer's Preparing Form 1120S: Mastering S Corporation Returns - VIRTUAL
4.00 Credits
Member Price $149
Non-Member Price $189
Overview
Join us for part one of a fast-paced, interactive two-part seminar where tax prep meets entertainment. We’ll break down the essentials of preparing Form 1120-S, 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.
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
An understanding of federal income taxation of real estate transactions.
Designed For
CPAs and tax professionals involved in the world of tax.
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.
Preparation
None
Leader(s):
- George Koutelieris, ACPEN Business Professionals Network
- Greg White, ACPEN Business Professionals Network
Leader Bios
George Koutelieris, ACPEN Business Professionals Network
George Koutelieris is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Masters in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various State taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants and the Oregon Society of Certified Public Accountants.
Non-Member Price $189
Member Price $149