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Reviewing S-Corp Returns
Tax
CPE Self-study

Reviewing S-Corp Returns

The complexity of S corporation tax law creates a formidable challenge to the tax practitioner for accurate compliance and reporting of S corporation activities. Join us as we discuss the common errors practitioners make on S corporation tax returns that are often missed by review staff.

$105 - $145
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

5

Author(s)

Robert Ricketts, Larry Tunnell

Availability

1 year

Product Number

CL4STRM21SSO

 Business & partner 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 3 online bundle.

Sharpen your skills!

Fine-tune your reviewing abilities by examining case studies of issues that may warrant additional information from the client and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed, including income, deductions, K-1 reporting, and other complex tax law issues.

Who Will Benefit

  • CPA managers and partners

Key Topics

Common errors made involving the following tax forms:

  • Form 1120S
  • Schedule K-1
  • Schedule L
  • Schedules M-1 and M-2
  • Form 4562
  • Form 4797

Learning Outcomes

  • Determine how transfers to corporations in exchange for stock can be nontaxable under IRC Section 351.
  • Calculate the balance in an accumulated adjustments account and enter that calculation on Form 1120S, Schedule M-2.
  • Determine how distributions to an S corporation shareholder are taxed.
  • Determine how capital gains and losses are disclosed on Form 1120S.
  • Determine how installment sales are disclosed by S corporations.
  • Calculate the excess net passive income tax for an S corporation.
  • Identify and properly report cost recovery deductions on Form 1120S and the associated Schedule K-1s issued to shareholders.
  • Determine the tax consequences when a newly converted S corporation sells appreciated property it acquired while operating as a C corporation.
  • Calculate and properly report the tax consequences associated with the distribution of appreciated property by an S corporation to a shareholder in redemption of stock.
  • Accurately determine how to allocate S corporation pass-through items when the shareholders’ interests in the corporation change during the tax year.
Credit Info
CPE Credits
Online
5
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Basic knowledge of S corporation taxation
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$145.00
AICPA Members
Online
$115.00
Tax Section Members
Online
$105.00

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Robert Ricketts
Ph.D., CPA
"Robert Ricketts is the Director of the School of Accounting in the Rawls College of Business at Texas Tech University. He has been a member of the Accounting faculty since 1988 and has held the Frank M. Burke Chair in Taxation since 1999. Prior to earning his Ph.D., which he received from the University of North Texas in 1988, he worked for the Dallas office of Ernst & Whinney (now Ernst & Young) as a tax senior. Ricketts' tax scholarship addresses a broad audience. He co-authors several courses on partnership taxation for the AICPA, and a forthcoming book on comparative taxation written by an international group of authors. He also contributes chapters to a leading undergraduate textbook on taxation, and has numerous academic publications on issues ranging from the risks of over-reliance on tax software to the response of multinational corporations to tax holiday legislation. He teaches at both the undergraduate and graduate levels, and works extensively with doctoral students. His love for students, and for Texas Tech, is well-known by students, colleagues and alumni across the world."
Larry Tunnell
Ph.D., CPA
Accessibility

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Reviewing S-Corp Returns
Select from the following options:
Online
$145.00
Nonmember Price
$145.00
Price excluding sales tax
$145.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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