- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
This course explores the balance sheet, the reconciliation of income per books with income per return, the analysis of the accumulated adjustments account, the other adjustments account, undistributed taxable income previously taxed, as well as the net income/loss reconciliation that certain S corporations must file.
This intermediate level course is most appropriate for the professional with detailed knowledge in S corporation taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
identify the various items reported on Schedules L, M-1, M-2, and M-3 of Form 1120S.