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Comprehensive S Corporation Taxation Form 1120S 25-26

 Various
 
8.0
Registration is Open
Member Price
$329.00 Regular Registration
Your Price
$439.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 07/24/2025 from 11:00 am to 6:30 pm
 Tue, 09/30/2025 from 9:00 am to 4:30 pm
 Tue, 09/30/2025 from 11:00 am to 6:30 pm
 Thu, 11/13/2025 from 9:00 am to 4:30 pm
 Thu, 11/13/2025 from 11:00 am to 6:30 pm
 Wed, 01/14/2026 from 9:00 am to 4:30 pm
 Wed, 01/14/2026 from 11:00 am to 6:30 pm
Designed For:

Tax professionals, CPAs, accountants, and other financial professionals looking to expand and update their understanding and knowledge.

Prerequisite:

General knowledge in individual and S corporation income taxation.

This course comprehensively reviews the laws and regulations impacting S corporations. Get updated on the IRS' compliance campaign that targets the improper reporting and calculations of stock basis and distributions. Learn to calculate and report critical S corporation tax items that generate most IRS audit adjustments correctly. Topics cover issues include S corporation qualifications, making and keeping the S election, reasonable compensation, taxation of distributions, the use of Qualified Subchapter S Subsidiaries, allocation of annual operating income and loss, tax reporting elections and learning the proper method to calculate the basis of stock and debt amounts.

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the CalCPA Help Desk at (866) 928-8915, [email protected] . Allow 1 business day for email responses

Objectives

  • Identify how to form a qualified entity and elect S corporation status
  • Determine how to properly allocate income and loss items to shareholders on their individual Schedule K-1
  • Calculate an S corporations
  • initial basis in its assets as well as a shareholder's stock and debt basis in the S corporation
  • Recognize three main reasons for calculating a shareholder's basis in an S corporation and how to make annual adjustments to a shareholders
  • stock and debt basis
  • Ca lculate AAA and OAA account for an S corporation under various scenarios

Speakers

Advanced Preparation

None.

Vendor

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.