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S Corporation Income Tax – Form 1120S

Learn to enter tax data for an S Corporation into Form 1120S from a CPA
4.0
4.0/5
(170 reviews)
20,056 students
Created by

8.9

Classbaze Grade®

9.8

Freshness

7.1

Popularity

9.1

Material

Learn to enter tax data for an S Corporation into Form 1120S from a CPA
Platform: Udemy
Video: 4h 2m
Language: English
Next start: On Demand

Best Corporate Finance classes:

Classbaze Rating

Classbaze Grade®

8.9 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness

9.8 / 10
This course was last updated on 2/2022.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Popularity

7.1 / 10
We analyzed factors such as the rating (4.0/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Material

9.1 / 10
Video Score: 8.2 / 10
The course includes 4h 2m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
The average video length is 8 hours 43 minutes of 53 Corporate Finance courses on Udemy.
Detail Score: 9.5 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 9.5 / 10

Tests, exercises, articles and other resources help students to better understand and deepen their understanding of the topic.

This course contains:

0 article.
1 resources.
0 exercise.
0 test.

In this page

About the course

This course currently consists of a comprehensive problem showing the data input process of an S Corporation tax return into Form 1120S.
This course will put together a systematic format of entering data into a Form 1120S that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.
We will enter each M-1 adjustment individually into both the tax return and an Excel worksheet so that we fully understand how they work.
We will start by reviewing the data for the comprehensive problem.
Then we will enter the data into an Excel worksheet that will be used to help us organize the information.
We will be using Lacerte Tax software to enter the tax data into Form 1120S. However, we will also provide PDF files of the tax forms so learners can enter the data directly into the tax forms as we go. The tax forms can also be found on the IRS website.
The course will demonstrate how to enter the data into the tax forms in stages to reduce potential mistakes and to identify mistakes as they happen so they can be fixed as easily as possible.
We will start the data input with the balance sheet.
Then we will enter the income statement as it is formatted in the adjusted trial balance.
Next, we will systematically go through Schedule K and M-1 adjustments. We will isolate these adjustments, reviewing them on the tax forms, in the software, and using our Excel worksheet.
We will then review the tax forms.
Next, we will review the Form K-1s and basic calculations.
The course will demonstrate the exporting of the K-1 Form to the individual Form 1040 for an owner of the S corporation.

What can you learn from this course?

✓ How to enter tax data for an S Corporation into form 1120S
✓ How to use tax software to input an S Corporation tax return
✓ How to use an Excel worksheet to support tax data input for an S corporation
✓ How to enter and track Schedule K adjustments
✓ How to enter and track M-1 adjustments
✓ How to enter and review data for Form K-1
✓ Comparison of Social Security and Medicare tax between an S Corporation and Schedule C Sole Proprietorship

What you need to start the course?

• None

Who is this course is made for?

• Tax professionals
• Business owners considering a S Corporation form of business entity
• Tax and accounting students

Are there coupons or discounts for S Corporation Income Tax - Form 1120S ? What is the current price?

The course costs $18.99. And currently there is a 83% discount on the original price of the course, which was $109.99. So you save $91 if you enroll the course now.
The average price is $14.9 of 53 Corporate Finance courses. So this course is 27% more expensive than the average Corporate Finance course on Udemy.

Will I be refunded if I'm not satisfied with the S Corporation Income Tax - Form 1120S course?

YES, S Corporation Income Tax – Form 1120S has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any financial aid for this course?

Currently we could not find a scholarship for the S Corporation Income Tax - Form 1120S course, but there is a $91 discount from the original price ($109.99). So the current price is just $18.99.

Who will teach this course? Can I trust Robert (Bob) Steele?

Robert (Bob) Steele has created 126 courses that got 28,621 reviews which are generally positive. Robert (Bob) Steele has taught 572,608 students and received a 4.4 average review out of 28,621 reviews. Depending on the information available, we think that Robert (Bob) Steele is an instructor that you can trust.
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.    
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).    
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.    
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.   
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.    
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.   
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.    
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.   
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.    
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.
Browse all courses by on Classbaze.

8.9

Classbaze Grade®

9.8

Freshness

7.1

Popularity

9.1

Material

Platform: Udemy
Video: 4h 2m
Language: English
Next start: On Demand

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