Course Information

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1120S Preparation and Planning 1: Tax Fundamentals (2011 Edition)
Author: Sidney Kess and Barbara Weltman

The first course in this series will introduce you to Form 1120S, which is used to list items of income, deductions, credits, and other items from the operation of an S Corporation. The role of the preparer, filing requirements, due dates and extensions are also explained.

The second part of this course gives detailed instructions on how to accurately complete the top of page 1 on Form 1120S. An overview of the tax year and accounting methods for S Corporations is provided. New developments are noted throughout the course.

Upon completion, you will be able to:

  • Accurately prepare tax returns for S corporations

  • Describe how recent legislation, court decisions and revenue rulings impact the preparation of Form 1120S

  • Identify planning opportunities and avoid problems when preparing the Form 1120S

  • Answer client questions regarding the preparation of returns for S corporations with accuracy and confidence

  • Describe the nature of the return for S corporations

  • State when the return is due and how to obtain a filing extension

  • Cite the requirements for S corporation status and how to make an S corporation election

  • Complete the top of page 1 of Form 1120S

  • Apply the accounting method and tax year limitations for S corporations

  • Complete Schedule B, page 2 of Form 1120S

Course Details:
Price:  $85.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Basic
Advanced Preparation:  None
CTEC course number:  1075-CE-9760
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Technical Requirements:
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Credit Available For: Units
Enrolled Agent (Accepted by the IRS) 5.0 CPE
CTEC Federal 5.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at

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