WEBINAR: Preparing Form 1120S - Two Part Webinar Series - E3S5R-T-01024-...

This is a two-part webinar series. Please note, if you register for the series, you will be signed up for both of the following webinars (dates and times listed below): Part 1: Form 1120-S is the cornerstone of S corporation tax compliance—and it’s packed with nuanced questions that can trip up even seasoned preparers. This full-day course provides a line-by-line walkthrough of Form 1120-S, with practical guidance on filing deadlines, officer compensation, passive activity grouping, and shareholder involvement. Participants will learn how to answer key questions on Schedule B, determine “reasonable compensation” for shareholders, and apply special rules for minimally involved owners. The course also covers strategies to eliminate late-filing penalties and ensure accurate reporting of officer compensation on Schedule 1125-E. Whether you're advising active shareholders or navigating passive activity rules, this session equips you with the tools to file confidently and compliantly. Part 2: Form 1120-S preparation doesn’t stop at the main return—Schedules M-1, M-2, K-1, and the accumulated adjustments account (AAA) require careful attention to ensure accurate reporting and compliance. This full-day course walks participants through the second half of Form 1120-S preparation, with a focus on shareholder loans, income categorization, and new rules affecting Schedules K-2 and K-3. Participants will learn how to complete Schedules M-1 and M-2, determine when K-2 and K-3 filing is waived, and properly categorize income and expense items across the AAA, accumulated earnings account, and other adjustments account. The course also covers disclosure requirements for Schedule K-1 and how to apply the “closing of the books” election. Whether you're preparing returns or advising clients, this session equips you with the tools to navigate complex S corporation reporting with confidence. Mr. James Tice is a distinguished leader in the firm’s tax practice. He specializes in organizing, preparing, and supervising complex tax planning and compliance for various tax-exempt organizations and small businesses. Mr. Tice frequently lectures on a wide range of topics, including tax, business, and ethics. He has been actively involved with the Pennsylvania Society of Tax & Accounting Professionals since 2005 and has been enrolled to practice before the IRS since 2012. No show - No refund - no exceptions. No refund will be issued for any webinar in which the login information and course material has already been distributed. Please check spam/junk folders. No refund nor credit for a future program will be issued for any webinar for which you are registered but fail to attend. Applicable webinar bundle credits will be forfeited for any webinar no-show.