S Corporations

Overview

Forming a Subchapter S-Corporation (definition, profile) and accounting for each shareholder's income and expenses is worth doing accurately. Let's take a step-by-step approach to S Corporation taxes.

1. What is an S-Corporation?
2. Forming an S-Corporation and Electing S-Corporation Status
3. Late S-Corporation Elections
4. S Corporation Taxation
5. Accounting for S-Corporation Capital, Income, and Expenses
6. Preparing IRS Form 1120S
7. Issuing IRS Schedule K-1 to Shareholders
8. Preparing IRS Form 1040 Schedule E for S-Corporation Shareholders
9. Self-Employment & Payroll Taxes for S-Corporation Shareholders
10. Tax Tips & Audit Strategies for S-Corporation Shareholders