Print Page   |   Contact Us   |   Sign In   |   Join
Introduction to K-1 Issues for S Corporation Shareholders (K1SC)
View Registrations Tell a Friend About This EventTell a Friend
 

Tax practitioners with S corporation shareholders struggle every year to make complete sense of the Schedules K-1 their clients receive from S corporations. If you have questions about how the Form 1120S K-1 works or how the items reported on a client's K-1 should be reported on his or her own individual Form 1040, this program is designed to help you. The program will go through and discuss the more difficult issues that the Form 1120S, Schedule K-1 presents for shareholders and their tax advis

7/30/2015
When: 7/30/2015
11:00 AM - 1:00 PM
Where: Webcast/Webinar
Presenter: Karen Davis, EA, MBA, Ph.D. | Lance Weiss, CPA, CVA
Contact: April Deneault
801-834-6634

« Go to Upcoming Event List  

Tax practitioners with S corporation shareholders struggle every year to make complete sense of the Schedules K-1 their clients receive from S corporations. If you have questions about how the Form 1120S K-1 works or how the items reported on a client's K-1 should be reported on his or her own individual Form 1040, this program is designed to help you. The program will go through and discuss the more difficult issues that the Form 1120S, Schedule K-1 presents for shareholders and their tax advisors.

Objectives: * Understand the organization, structure and reporting flow of Form 1120S, Schedule K-1 * Understand the specific line items on the Form 1120S, Schedule K-1

Major Subjects: * General survey of the S Corporation Schedule K-1 * What to include in Box 1—Ordinary income and loss * When to file Form 8082, Notice of Inconsistent Treatment or Administrative Adjustment Request * The impact of basis limits, the at-risk rules, and the passive activity loss rules on items allocated to the shareholder on his/her K-1 * What are the Box 12 "Other Deductions”? * Handling net investment—Box 17, Code U * Differentiating between ordinary and qualified dividends * What goes in Line 10, Schedule K-1, “Other Income"? * Alternative Minimum Tax Items, Line 15—find out what goes there and what should also be included on Line 16 but has no code (Hint: oil & gas)

Designed For: Any tax practitioner wishing to know more about the specific line items on the Form 1120S, Schedule K-1, and any tax practitioner preparing Form 1120S or any tax practitioner advising clients who own stock in an S corporation

Prerequisite: Basic familiarity with tax rules relating to individual taxation

 

Advanced Prep: None

Speaker: Karen Davis, EA, MBA, Ph.D. | Lance Weiss, CPA, CVA

Vendor: Surgent McCoy

Field of Study: Taxes (2)

Level: Intermediate

CPE Credit: 2 Hours

Acronym: K1SC

Registration Fees: $89.00

  

Register here


Membership Management Software Powered by YourMembership.com®  ::  Legal