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Understanding Schedules M-1 and M-2 on Forms 1120 and 1120S  

CATEGORY: Taxation
COURSE ID: CLUSFA, VERSION 12.00
(66)
Online & Mobile, Download
5 CPE Credits

Preparing a Form 1120 or 1120S for the first time can be a daunting experience. Unlike personal income tax returns, the corporate tax return seems similar to a company's financial statements. However, Schedules M-1 and M-2 on page 4 of the tax forms have been known to throw many new tax preparers for a loop. This course will unravel the mysteries of Schedules M-1 and M-2 for C corporations and S corporations. This course is most appropriate for the professional with detailed knowledge in C corporation and S corporation taxation who may be at a mid-level position within an organization.

This course has been updated for the relevant provisions of the Tax Cuts and Jobs Act.

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