Form 1120S Challenges for Tax Preparers
Navigating Computations-to-Adjustments Accounts and Determining Treatment of Dividends, Distributions and Fringe Benefits
Recording of a 110-minute CPE webinar with Q&A
This course will improve tax return preparers’ familiarity with issues and solutions for preparing specific parts of Form 1120S, including Schedule M-2 accumulated adjustments accounts, other adjustment accounts’ treatment of dividends and distributions, fringe benefits to shareholders, and health insurance issues.
- Flow through concept and basis of stock and loans
- The AAA Account in an S corporation
- Earnings and profits
- Fringe benefits
- Common mistakes
Our panel will review these and other important issues:
- Key complexities in determining character and treatment of distributions by an S corporation.
- Accumulated adjustment accounts recommended approaches.
- Common mistakes to avoid when completing Form 1120S for clients.
Matthew R. O'Kane
Lowndes Drosdick Doster Kantor & Reed
Mr. O'Kane has a broad background in federal tax, estate planning and U.S. taxation of foreign investors. He... | Read More
Mr. O'Kane has a broad background in federal tax, estate planning and U.S. taxation of foreign investors. He counsels clients on a broad range of federal tax issues and business planning issues from entity selection and formation to dissolutions. Mr. O’Kane also counsels clients on a broad range of wealth transfer issues including estates, gift and generation skipping transfer tax planning, irrevocable trust planning, charitable planning, and family limited partnerships.Close
Ms. Wilson concentrates her practice on federal tax planning and structuring and represents clients in a wide variety... | Read More
Ms. Wilson concentrates her practice on federal tax planning and structuring and represents clients in a wide variety of complex federal tax matters, with a particular emphasis on pass-through entities such as partnerships, S corporations and real estate investment trusts. Specifically, she focuses on advising clients on the formation, operation, acquisition and restructuring of pass-through entities.Close
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