Tax Training: SYU Form 1120S U.S. Income Tax Return for an S Corporation Preparation Course

Form 1120S U.S. Income Tax Return for an S Corporation Preparation provides practical, step-by-step guidance you or your staff needs to prepare Form 1120S U.S. Income Tax Return for an S Corporation returns efficiently and effectively. This course presents and explains Form 1120S tax preparation examples and illustrations and practice management tools such as engagement letters, checklists, worksheets, and other resources. The course also presents new and significant changes to S corporation income tax rules and regulations.

Participants receive Practitioners Publishing Company's (PPC) 1120S Deskbook.


  • Trains New Tax Personnel
  • Improves Tax Personnel's Knowledge and Skills
  • Improves the Tax System, Processes, and Tasks
  • Increases Tax Preparation Productivity
  • Addresses Day-to-day Tax Questions

Session 1: Eligibility
Session 2: Filing and Repairing the S Election
Session 3: Incorporation and Capitalization
Session 4: Organizational and Start-up Expenses (Preopening Expenses)
Session 5: Hidden Traps
Session 6: Trade or Business Income
Session 7: Cost of Goods Sold
Session 8: Nonbusiness Income
Session 9: Installment Sales and Like-kind Exchanges
Session 10: Trade or Business Property Transactions
Session 11: Debt Discharge Income and Foreclosures
Session 12: Compensation
Session 13: Bad Debt Losses
Session 14: Taxes and Interest
Session 15: Depreciation and Depletion
Session 16: Fringe Benefits and Retirement Plans
Session 17: Travel and Entertainment
Session 18: Other Deductions
Session 19: Shareholder Stock Basis
Session 20: Shareholder Debt Basis
Session 21: Distributions
Session 22: Property Transactions with Shareholders
Session 23: Schedule L--The Balance Sheet
Session 24: Schedules M-1 and M-3
Session 25: Schedule M-2
Session 26: Schedules K and K-1--Pass-through
Session 27: Alternative Minimum Tax
Session 28: Business Credits
Session 29: Foreign Taxes
Session 30: Shareholder Losses: Basis Limitations
Session 31: Passive Activity Loss
Session 32: Shareholder Losses: At-risk Limitations
Session 33: Built-in Gains Tax
Session 34: Tax on Excess Net Passive Income
Session 35: Other Tax Payments
Session 36: Termination of S Status
Session 37: Stock Dispositions
Session 39: Tax Years
Session 40: Accounting Methods
Session 41: Filing and Amending Form 1120S, Corporate Audits, and Penalties

Who Should Attend

  • Individuals who want to prepare Form 1120S tax returns
  • Individuals who want to enhance their S corporation tax knowledge and skills
  • Tax professionals who want to prepare Form 1120S tax returns more efficiently and effectively
  • Tax professionals who want to enhance their S corporation tax knowledge and skills

Recommended CPE Credit

Training Format
You can attend the recorded online training at anytime and from anywhere with any Internet connected computer. The training is self-paced and provides unlimited viewing access. The free downloadable player allows you to start, pause, stop, and resume the training as you please. If you stop and leave the training, you can note the time counter time and advance the training to resume right where you left off.

Important: You should have a high speed Internet connected computer to view the training and must have a sound card and speakers to hear the training.

For more information about our recorded online training, click Recording Online Training.

$299 PPC 1120S Deskbook Online Version

Note: The online version allows full-text-search functionality and links to the text of cited primary law (including the Internal Revenue Code, the Federal Tax Regulations, and relevant IRS notices and rulings).

$399 PPC 1120S Deskbook Print Version

30 Day 100% Money Back Guarantee
If you are not completely satisfied with our Form 1120S U.S. Income Tax Return for an S Corporation Preparation training, please contact us and you'll receive a full refund.

To register, click the Register button below or call 866-444-9989.

Online Version

Print Version

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