Description:
This book is for preparing 2023 taxes. Many tax professionals are expanding their client base to include business clients and, as a result, they need to know how to prepare business returns. This course is designed for tax professionals who are new to preparing S corporation tax returns. The course material will guide tax professionals through Form 1120-S, U.S. Income Tax Return for an S Corporation, and the accompanying schedules. A comprehensive example showing how to apply the guidance ties everything together.
Topics include:
- Identify businesses eligible to make the S election
- Prepare Form 2553, Election by a Small Business Corporation
- Choose a tax year and accounting method for an S corporation
- Prepare a basic Form 1120-S, including Schedules K, K-1, L, M-1 and M-2
- Summarize the unique fringe benefit rules for more-than-2% shareholders
- List income and expense items that differ for book and tax purposes
Product Details:
Item Number: E23330
Level: Basic
Authors: NATP Staff
Published: 2023
Format: Electronic PDF - 208 Pages
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Corresponding CPE Courses:
Get this e-book FREE when you purchase the 2023 corresponding course when available.
Purchase Info:
When purchase is complete, and e-book is available, you can obtain your product at My Downloads.
Electronic products are nonreturnable.