Schedule M-2: Prepare AAA & Learn S Corp Tax Ramifications (2 hours)

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Apr 16, 2020

Registration: 9:00 AM / Program: 9:30 AM - 11:30 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

This comprehensive training is designed to get the accountant up to speed quickly on how to prepare the S Corporation Schedule M-2 and determine the tax ramifications of distributions. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Designed For

Tax professionals that need an in-depth training on how to prepare the S Corporation Schedule M-2 and determine the tax ramifications of distributions

Objectives

Once participants have completed this session they should be able to:
  • Prepare the S Corporation Form 1120S Schedule M-2
  • Determine if any S Corporation distributions are taxable as dividends to the shareholders and know how to report them on the S Corporation tax return

Major Subjects

  • Schedule M-2 - detailed step-by-step analysis of the AAA, OAA and PTI accounts
  • Look at the tax treatment of distributions when the S Corporation has prior C Corporation earnings and profits (E&P) and how to report them on the Schedule K and K-1

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.