This course is designed for those interested to learn the basics of using Form 1120S in filing corporation income tax by putting together a systematic format of entering data into the form that will minimize errors, isolate problems as they happen, identify mistakes and remove the possibility of having to start the process all over again. Read more.
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Tax professionals
- Business owners considering an S Corporation structure
- Tax and accounting students
What you’ll learn:Â
- Inputting tax data for an S Corporation into Form 1120S
- Utilizing tax software for S Corporation tax returns
- Using Excel for organizing S Corporation tax data
- Handling Schedule K adjustments effectively
- Managing M-1 adjustments accurately
- Understanding and managing Form K-1 data
- Comparing Social Security and Medicare taxes for S Corporations versus Schedule C Sole Proprietorships
Requirements:Â
- No prior knowledge is required to take this course
This course provides a comprehensive guide to navigating the complexities of filing taxes for an S Corporation, specifically focusing on form 1120S. Whether you’re a seasoned tax professional, a business owner exploring the S Corporation structure, or a student delving into tax and accounting, this course equips you with essential skills and knowledge.
Why Take This Course?
- Structured Learning: Learn to systematically input data into Form 1120S, minimizing errors and streamlining the process.
- Mistake Identification: Understand how to spot and rectify errors efficiently on tax form 1120S, eliminating the need to restart the filing process.
- Hands-on Practice: Follow along as we enter each M-1 adjustment into tax form 1120S returns and Excel worksheets, ensuring a deep understanding of their function.
- Step-by-Step Guidance: Navigate the tax forms, including Form 1120S, stage by stage, reducing the risk of errors and ensuring a smooth filing process.
- Comprehensive Review: Review Schedule K and M-1 adjustments meticulously, utilizing tax form 1120S, software, and Excel for clarity and accuracy.
- Practical Application: Learn to export Form K-1 to individual Form 1040 for S corporation owners, facilitating seamless tax filing.
Enroll now and master the art of S Corporation tax filing with confidence and efficiency!
Our Promise to You
By the end of this course, you will have learned the data input for income tax to Form 1120S.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about S Corporation Form 1120S income tax preparation.
You might also want to take the course Form 1065 – Partnership Income Tax. Learn the basics of using Form 1065 in filing corporation income tax by putting together a systematic format of entering data into the form that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.
Course Curriculum
| Section 1 - Introduction | |||
| S Corporation Income Tax Course | 00:00:00 | ||
| Section 2 - Comprehensive Problem | |||
| Downloadable Materials | 00:00:00 | ||
| Comprehensive Problem Part 1 - Review Data | 00:00:00 | ||
| Comprehensive Problem Part 2 - Worksheet | 00:00:00 | ||
| Comprehensive Problem Part 3 - Information Data Input | 00:00:00 | ||
| Comprehensive Problem Part 4 - Data Impute Balance Sheet | 00:00:00 | ||
| Comprehensive Problem Part 5 - Data Impute Income Statement | 00:00:00 | ||
| Comprehensive Problem Part 6 - Data Impute Distributions | 00:00:00 | ||
| Comprehensive Problem Part 9 - Scheduled Charity Donation | 00:00:00 | ||
| Comprehensive Problem Part 8 - Scheduled Adjustments, Dividend And Interest | 00:00:00 | ||
| Comprehensive Problem Part 7 - Scheduled Depreciation | 00:00:00 | ||
| Comprehensive Problem Part 10 - M-1 Tax Exempt Interest | 00:00:00 | ||
| Comprehensive Problem Part 11 - Officer Compensation | 00:00:00 | ||
| Comprehensive Problem Part 12 - M-1 Meals | 00:00:00 | ||
| Comprehensive Problem Part 13 - M-1 Bad Debt | 00:00:00 | ||
| Comprehensive Problem Part 14 - Cost Of Goods Sold | 00:00:00 | ||
| Comprehensive Problem Part 15 - Scheduled K And M-1 | 00:00:00 | ||
| Comprehensive Problem Part 16 - K-1 | 00:00:00 | ||
| Comprehensive Problem Part 17 | 00:00:00 | ||
| Comprehensive Problem Part 18 - Diagnostics | 00:00:00 | ||
| Comprehensive Problem Part 19 - Scheduled K To Form 1040 | 00:00:00 | ||
| Section 3 - Social Security And Medicare Taxes | |||
| Compared To Scheduled C FICA Taxes | 00:00:00 | ||
About This Course
Who this course is for:
- Tax professionals
- Business owners considering an S Corporation structure
- Tax and accounting students
What you’ll learn:Â
- Inputting tax data for an S Corporation into Form 1120S
- Utilizing tax software for S Corporation tax returns
- Using Excel for organizing S Corporation tax data
- Handling Schedule K adjustments effectively
- Managing M-1 adjustments accurately
- Understanding and managing Form K-1 data
- Comparing Social Security and Medicare taxes for S Corporations versus Schedule C Sole Proprietorships
Requirements:Â
- No prior knowledge is required to take this course
This course provides a comprehensive guide to navigating the complexities of filing taxes for an S Corporation, specifically focusing on form 1120S. Whether you’re a seasoned tax professional, a business owner exploring the S Corporation structure, or a student delving into tax and accounting, this course equips you with essential skills and knowledge.
Why Take This Course?
- Structured Learning: Learn to systematically input data into Form 1120S, minimizing errors and streamlining the process.
- Mistake Identification: Understand how to spot and rectify errors efficiently on tax form 1120S, eliminating the need to restart the filing process.
- Hands-on Practice: Follow along as we enter each M-1 adjustment into tax form 1120S returns and Excel worksheets, ensuring a deep understanding of their function.
- Step-by-Step Guidance: Navigate the tax forms, including Form 1120S, stage by stage, reducing the risk of errors and ensuring a smooth filing process.
- Comprehensive Review: Review Schedule K and M-1 adjustments meticulously, utilizing tax form 1120S, software, and Excel for clarity and accuracy.
- Practical Application: Learn to export Form K-1 to individual Form 1040 for S corporation owners, facilitating seamless tax filing.
Enroll now and master the art of S Corporation tax filing with confidence and efficiency!
Our Promise to You
By the end of this course, you will have learned the data input for income tax to Form 1120S.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about S Corporation Form 1120S income tax preparation.
You might also want to take the course Form 1065 – Partnership Income Tax. Learn the basics of using Form 1065 in filing corporation income tax by putting together a systematic format of entering data into the form that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.
Course Curriculum
| Section 1 - Introduction | |||
| S Corporation Income Tax Course | 00:00:00 | ||
| Section 2 - Comprehensive Problem | |||
| Downloadable Materials | 00:00:00 | ||
| Comprehensive Problem Part 1 - Review Data | 00:00:00 | ||
| Comprehensive Problem Part 2 - Worksheet | 00:00:00 | ||
| Comprehensive Problem Part 3 - Information Data Input | 00:00:00 | ||
| Comprehensive Problem Part 4 - Data Impute Balance Sheet | 00:00:00 | ||
| Comprehensive Problem Part 5 - Data Impute Income Statement | 00:00:00 | ||
| Comprehensive Problem Part 6 - Data Impute Distributions | 00:00:00 | ||
| Comprehensive Problem Part 9 - Scheduled Charity Donation | 00:00:00 | ||
| Comprehensive Problem Part 8 - Scheduled Adjustments, Dividend And Interest | 00:00:00 | ||
| Comprehensive Problem Part 7 - Scheduled Depreciation | 00:00:00 | ||
| Comprehensive Problem Part 10 - M-1 Tax Exempt Interest | 00:00:00 | ||
| Comprehensive Problem Part 11 - Officer Compensation | 00:00:00 | ||
| Comprehensive Problem Part 12 - M-1 Meals | 00:00:00 | ||
| Comprehensive Problem Part 13 - M-1 Bad Debt | 00:00:00 | ||
| Comprehensive Problem Part 14 - Cost Of Goods Sold | 00:00:00 | ||
| Comprehensive Problem Part 15 - Scheduled K And M-1 | 00:00:00 | ||
| Comprehensive Problem Part 16 - K-1 | 00:00:00 | ||
| Comprehensive Problem Part 17 | 00:00:00 | ||
| Comprehensive Problem Part 18 - Diagnostics | 00:00:00 | ||
| Comprehensive Problem Part 19 - Scheduled K To Form 1040 | 00:00:00 | ||
| Section 3 - Social Security And Medicare Taxes | |||
| Compared To Scheduled C FICA Taxes | 00:00:00 | ||
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