S Corporation Preparation, Basis Calculations and Distributions -

This comprehensive course is designed to get the accountant up to speed quickly with S corporation formation and preparation issues as well as a complete understanding of calculating a shareholder's stock and debt basis.  The cornerstone of this course is the in-depth line-by-line analysis of the Form 1120S Schedule K and K-1 and how these items affect the shareholder's Federal individual income tax return.