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Form 1120-S Preparation

 

Understand the advantages and disadvantages of forming an S Corporation.

Corporations can find the double taxation of income a burden. By qualifying as an S Corporation, the corporation can avoid double taxation. The requirements to elect S Corporation status are specific and must be followed to avoid losing S Corporation status. This presentation will help you guide your clients when determining if S Corporation status is the right business structure for their needs, prepare the necessary S Corporation election forms, and prepare the Form 1120-S tax return and accompanying Schedule K-1s.

Agenda

Faculty

John T. Alfonsi, CPA/ABV/CFF, CFE, CVA, MST

John T. Alfonsi, CPA/ABV/CFF, CFE, CVA, MST

Cendrowski Corporate Advisors

  • Managing director of Cendrowski Corporate Advisors
  • Practice focuses on taxation of high-net-worth individuals and investment entities, including partnerships and S corporations
  • Adjunct professor at Walsh College, where he teaches courses in their Masters of Science in Taxation program (partnership taxation and tax accounting)
  • Recognized valuation and economic damages expert in federal and various state circuit courts
  • Frequent speaker for the Michigan Association of Certified Public Accountants on topics covering taxation, business valuation, and forensic accounting
  • Member of the AICPA, MICPA, ACFE, NACVA, and MVCA
  • M.S. degree in taxation, Walsh College; B.A. degree in business administration, University of Michigan-Dearborn
  • Can be contacted at [email protected] or 866-717-1607

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