Don Farmer's Corporate & Pass- Through Returns Forms

Overview

This intermediate-level course provides a focused review of federal income tax reporting for C corporations, S corporations, and partnerships. Participants will examine key reporting mechanics of Forms 1120, 1120-S, and 1065, including Schedule K-1 preparation, book-to-tax reconciliation, and entity-level versus owner-level reporting distinctions. Emphasis is placed on common compliance risks, basis considerations, and areas of frequent IRS scrutiny. The course is designed to strengthen accuracy and consistency in business entity return preparation and review.

Objectives

Upon completion of this course, participants will be able to:

• Identify key reporting components of Forms 1120, 1120-S, and 1065
• Differentiate entity-level and owner-level reporting requirements
• Analyze Schedule K and Schedule K-1 reporting for common business transactions
• Reconcile book income to taxable income using Schedule M-1
• Recognize common compliance risks in corporate and pass-through return preparation

Highlights

• Overview of business entity federal income tax reporting
• Key components of Forms 1120, 1120-S, and 1065
• Schedule K and Schedule K-1 reporting fundamentals
• Book-to-tax reconciliation (Schedule M-1 focus)
• Basis considerations affecting pass-through reporting
• Common errors and IRS examination focus areas

Designed For

CPAs and tax professionals who prepare or review corporate (C and S) and partnership income tax returns and want a concise refresher on reporting mechanics and compliance considerations.

Prerequisites

None

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.