- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
This course considers the difference between non-separately stated and separately stated income items, and looks at the computation of net ordinary income from trade or business activities.
This 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 separately stated and nonseparately stated S corporation income and expense items with reference to IRS tax forms and determine the proper reporting of income, including gains and losses from the disposition of business property.