Program Overview
May 15, 2024 | 6:00 pm - 8:00 pm| Webinar
Hosted by San Gabriel Valley
Co Sponsors: Channel Islands and Inland Empire
Speaker Anita Monrroy, EA, CPA, MST
Description
This course is designed specifically for non-accountants who need to understand and prepare Schedules M-1 and M-2 of Form 1120S. It simplifies the complexities of corporate tax requirements for S corporations, focusing on reconciling book income with taxable income and detailing adjustments and distributions. Participants will learn through real-world examples, guided tutorials, and step-by-step calculations to build confidence and competence in managing these critical tax forms.
Learning Objectives
1. Understand the Purpose and Structure of Schedules M-1 and M-2: Learn what these schedules represent and why they are essential for S corporations.
2. Identify Differences Between Book and Taxable Income: Recognize common discrepancies that require adjustments on Schedule M-1.
3. Complete Schedules M-1 and M-2 Accurately: Gain hands-on experience with filling out these schedules through guided examples.
4. Apply Practical Examples and Calculations: Understand the impact of specific business transactions on these tax forms.
5. Navigate Tax Compliance Confidently: Equip yourself with the knowledge to ensure compliance and optimize tax positions for S corporations.
Learning Level Intermediate
Prerequisites & Advance Preparation None
Continuing Education
IRS: 2 hours Federal Tax Topics | CTEC: 2 hours Federal Tax Topics | CA Bar: 1.75 hours Taxation Law | CPA CA: 2 hours Taxes
Pricing
Member: $24.95 | Non-Member: $49.95
Webinar Details
After registering, everything you need for attending this webinar will be found in Your Learning Center.
Cancellation/Refund Policies
Please contact the host chapter at education@sgvea.org for refund/cancellation policies related to this event.