Form 1120-S - Balance Sheets, Schedules M-1, M-2, and M-3   Updated

This course examines the preparation of Form 1120-S, Schedule L, and the reconciliation schedules used to report S corporation financial and tax information. Topics include balance sheet reporting, book-tax differences, the accumulated adjustments account (AAA), earnings and profits, shareholder distributions, and the requirements for Schedules M-1, M-2, and M-3.

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.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.