What You'll Learn

In this course, you will be guided on how to accomplsih Form 1120s for S-Corp entities in the US, covering the following topics:

  • Overview of the Form 1120s

  • Understanding Form 1120s

  • Why File Form 1120s?

  • Important Considerations when Filing Form 1120s

  • Step-by-Step Guide in Filling Out Form 1120s

  • Review & Submission of Form 1120s

Course Content

    1. Welcome

    1. Overview of Form 1120s

    2. Purpose of Filing Form 1120S

    3. Importance of Accuracy and Compliance

    4. Knowledge Check

    1. Definition and Purpose of Form 1120S

    2. Key Components of the Form

    3. Line-by-Line Breakdown (Highlights)

    4. Schedule K (Lines 1–17): Shareholders’ Pro Rata Share Items

    5. Schedule K-1: Individual Shareholder Reporting

    6. Knowledge Check

    1. Legal Requirements

    2. Tax Benefits of S Corporation Status

    3. Impact on Corporate and Personal Tax Returns

    4. Knowledge Check

    1. Critical Dates and Deadlines

    2. Common Errors to Avoid

    3. Required Supporting Documents

    4. Knowledge Check

    1. Gathering Necessary Information

    2. Detailed Walkthrough of Each Section

    3. Example Entries and Explanations

    4. Review and Submission of Form 1120s

    5. Finalizing and Submitting the Form

    6. Post-Submission Follow-Up

    7. Knowledge Check

About this course

  • $10.00
  • 28 lessons

What Our Students Say

Ready to unlock your next career opportunity?

Join the team that frees up accountants to do their best work, while you do yours. We're hiring!

Apply Now