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S Corporations: Comprehensive walk through of Form 1120S

 Various
 
8.0
Registration is Open
Price
$239.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Wed, 06/25/2025 from 9:00 am to 5:00 pm
 Wed, 07/23/2025 from 9:00 am to 5:00 pm
 Mon, 08/18/2025 from 10:00 am to 6:00 pm
 Fri, 09/19/2025 from 9:00 am to 5:00 pm
 Wed, 10/08/2025 from 9:00 am to 5:00 pm
 Fri, 11/21/2025 from 9:00 am to 5:00 pm
 Fri, 12/26/2025 from 10:00 am to 6:00 pm
 Tue, 01/27/2026 from 9:00 am to 5:00 pm
 Mon, 02/02/2026 from 10:00 am to 6:00 pm
 Wed, 03/04/2026 from 9:00 am to 5:00 pm
 Thu, 04/02/2026 from 9:00 am to 5:00 pm
Designed For:

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors

Prerequisite:

None

This course is designed for financial professionals looking to understand Form 1120S. It covers the essential aspects of S corporation taxation, including the preparation of Form 1120S, determining taxable income, and accurately reporting and allocating income, deductions, and credits. Electing Subchapter S status as well as reviewing the mechanics of electing Subchapter S status will be discussed. It will further compare the S Corporation to other forms of entities, along with compliance with corporate formalities. Highlights of Form 1120S will be discussed, including build-in capital gains, accountable plans, taxable fringe benefits, officer reasonable compensation and audit strategies. Schedules K-1, K-2, K-3, and effectively connected income will be reviewed in this course as well. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.

Objectives

After attending this presentation, you will be able to...

  • Compare S Corporations to other entity structures to assess suitability.
  • Prepare Form 2553 and explain relief options for late filings under Rev. Proc. 2022-19.
  • Distinguish between Rev. Proc. 2022-19 and Rev. Proc. 2023-3.
  • Analyze I.R.C. §1361 and §1362 in the context of S Corporation elections and compliance.
  • Identify and address S Corporation eligibility errors and implement corrective measures.
  • Apply corporate governance procedures and corporate formalities.
  • Assess shareholder stock and debt basis rules and implications.
  • Recall critical aspects of Form 1120S, including built-in capital gains and accountable plans.
  • Recall the preparation and reporting requirements for Schedules K-1, K-2, and K-3.
  • Recall officer reasonable compensation requirements, including advisory strategies and audit defenses.

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.