S Corporation Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis (X4-8319938)

This comprehensive training is designed to get the accountant up to speed quickly with S corporation formation and preparation issues as well as a complete understanding of calculating a shareholder’s stock and debt basis. The cornerstone of this course is the in-depth line-by-line analysis of the Form 1120S Schedule K and K-1 and how these items affect the shareholder’s Federal individual income tax return. *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 terri.storer@acpen.com

DESIGNED FOR

Anyone responsible for analyzing or interpreting nonprofit financial statements

BENEFITS

PREREQUISITES

None

ADVANCE PREPARATION

Familiarity with the nonprofit industry