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Live Webcast Replay

Form 1120S - Preparation and Analysis


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   19
Categories:
ACPEN Tax Institute |  Tax
Faculty:
Arthur Werner
Course Levels:
Basic
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

This course provides an in-depth exploration of Form 1120S, the tax return form used by S corporations. Students will learn the intricacies of preparing and analyzing this form, including how to determine the taxable income of the S corporation, how to properly report and allocate income, deductions, and credits, and how to calculate the shareholder's basis in the S corporation.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Basic Course Information

Learning Objectives
  • Discuss Form 1120S and the skills necessary to prepare the form for S corporations
  • Prepare for 1120S

 


Major Subjects
  • Understanding the definition and requirements of an S corporation, the benefits and limitations of choosing this entity type, and the eligibility requirements for shareholders
  • Income and Deductions: Understanding the different types of income and deductions that an S corporation can have, including ordinary income, capital gains and losses, depreciation, and expenses.
  • Shareholder Basis: Understanding the shareholder’s basis in the S corporation, how to calculate it, and the impact of distributions on the basis.
  • Reporting Requirements: Understanding the different reporting requirements for Form 1120S, including Schedule K-1, Schedule L, Schedule M-2, and Schedule M-3
  • Tax Planning: Understanding the tax planning strategies available to S Corporations and their shareholders, including tax deferral, income shifting, and tax-free reorganizations

Course Materials

Faculty

Arthur Werner's Profile

Arthur Werner Related Seminars and Products

Werner-Rocca Seminars, Ltd.


Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.


Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.


Dates

Wed, Apr 24, 2024 - 06:00am to 07:49am AKDT
Mon, May 13, 2024 - 08:00am to 09:49am AKDT
Thu, May 30, 2024 - 03:00pm to 04:49pm AKDT
Thu, Jun 06, 2024 - 06:00am to 07:49am AKDT
Sat, Jun 15, 2024 - 08:00am to 09:49am AKDT
Thu, Jun 20, 2024 - 10:00am to 11:49am AKDT
Fri, Jun 28, 2024 - 06:00am to 07:49am AKDT
Tue, Jul 09, 2024 - 08:00am to 09:49am AKDT
Sat, Jul 27, 2024 - 06:00am to 07:49am AKDT
Wed, Jul 31, 2024 - 11:00am to 12:49pm AKDT
Tue, Aug 13, 2024 - 08:00am to 09:49am AKDT
Wed, Aug 21, 2024 - 11:00am to 12:49pm AKDT
Wed, Sep 11, 2024 - 11:00am to 12:49pm AKDT
Tue, Sep 17, 2024 - 08:00am to 09:49am AKDT
Sat, Sep 28, 2024 - 06:00am to 07:49am AKDT
Wed, Oct 02, 2024 - 11:00am to 12:49pm AKDT
Tue, Oct 22, 2024 - 08:00am to 09:49am AKDT
Wed, Oct 23, 2024 - 11:00am to 12:49pm AKDT
Wed, Nov 13, 2024 - 11:00am to 12:49pm AKST
Tue, Nov 26, 2024 - 08:00am to 09:49am AKST
Sat, Nov 30, 2024 - 06:00am to 07:49am AKST
Wed, Dec 04, 2024 - 11:00am to 12:49pm AKST
Tue, Dec 24, 2024 - 11:00am to 12:49pm AKST
Tue, Dec 31, 2024 - 08:00am to 09:49am AKST
Wed, Jan 15, 2025 - 11:00am to 12:49pm AKST
Sat, Jan 25, 2025 - 06:00am to 07:49am AKST
Tue, Feb 04, 2025 - 08:00am to 09:49am AKST
Wed, Feb 05, 2025 - 11:00am to 12:49pm AKST
Wed, Feb 26, 2025 - 11:00am to 12:49pm AKST
Tue, Mar 11, 2025 - 08:00am to 09:49am AKDT
Wed, Mar 19, 2025 - 11:00am to 12:49pm AKDT
Sat, Mar 29, 2025 - 06:00am to 07:49am AKDT
Wed, Apr 09, 2025 - 11:00am to 12:49pm AKDT
Tue, Apr 15, 2025 - 08:00am to 09:49am AKDT
Wed, Apr 30, 2025 - 11:00am to 12:49pm AKDT
Tue, May 20, 2025 - 08:00am to 09:49am AKDT
Wed, May 21, 2025 - 11:00am to 12:49pm AKDT
Sat, May 31, 2025 - 06:00am to 07:49am AKDT
Wed, Jun 11, 2025 - 11:00am to 12:49pm AKDT
Tue, Jun 24, 2025 - 08:00am to 09:49am AKDT

Additional Info

Basic Course Information

Prerequisites

This course is designed for individuals who have a basic understanding of cybersecurity and the importance of protecting sensitive data. No prior experience with the IRS Cybersecurity Checklist is necessary.


Advanced Preparation

None


Designed For

CPAs, EAs, attorneys, bankers, and financial planners


Original Recording Date

05/2023


Course Developer

Werner-Rocca Seminars


Date Added to Catalog

3/31/2023


Yellow Book

No


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Promo Video

Reviews

5
4
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2
1

Overall:      4.4

Total Reviews: 19

Comments

Rosanna H

"Great presentation. Very informational for a first time Form 1120S preparer."