S-Corporation Tax Preparation Training Bundle

This 5 credit course provides a practical, step-by-step guide to preparing S-Corporation tax returns, starting from the base fundamentals of S-Corp taxation to hands on preparation of a mock S-corp tax return. Students will learn about S-Corporation eligibility rules, governance and compliance requirements, tax-year and accounting-method considerations, and the key benefits and drawbacks to consider when choosing this entity structure. The course covers essential tax forms and schedules, including Schedules L, M-1, M-2, K-1, multi-state K-1 reporting, information returns, common errors, and details on how to amend returns if needed. Special emphasis is placed on shareholder-basis calculations, stock- and debt-basis calculations, distributions, constructive dividends, loss limitations, Form 7203 reporting, shareholder loans, and recordkeeping requirements. Through real-world scenarios and software walkthroughs, students will gain hands-on experience entering trial balances, working with financial statements, balancing entries, and identifying common issues encountered when working with different types of S-Corporation clients. Purchase of this S-Corp training course will provide immediate access to the On-Demand webinar so you can watch and learn as your schedule allows, 24/7/365. This will also allow you to split up the 5 credit webinar over several days if you prefer. (We know that a 5 hour S-corp training is a lot to digest all in one sitting!)