form 1120s tax preparation mastery course

This course covers every aspect of preparing Form 1120S.

We cover every step of the tax preparation process in detail.

#1 form 1120S tax preparation course

The #1 course on the market that teaches how to prepare a Form 1120S correctly. We provide you with all the necessary tools to be successful, including checklists, tons of examples and filled in sample tax returns to reference in the future, and much, much more.
Learn the Following:
  • Learn S corporation income tax laws, from formation to tax return preparation,
  • Operational issues of separately stated versus non-separately stated income and expenses,
  • Understand Schedules L, M-1, and M-2,
  • Account for basis, AAA, and distributions accurately,
  • Prepare and allocate items to the K-1 schedule properly,
  • The requirements to make a timely or late election,
  • Master Form 4562 and Sale of Assets (Form 4797),
    How to correctly elect S corporation status by filing Form 2553.

S Corporation Form 1120-S

Enroll in our online course and become an expert in the preparation of Form 1120S. We break down Schedules L, M-1, and M-2 to teach you how to correctly complete page 5 of the 1120S. Expand your professional horizons by taking our course!

Frequently asked questions

Are your cannabis tax accounting education courses approved for continuing professional education (CPE) hours?

Not at the moment. We are in the process of becoming an approved continuing education provider for the Internal Revenue Service so our students can earn credit hours for our courses. Upon IRS approval, we will offer CPE credit hours for IRS Enrolled Agents, Oregon Licensed Tax Consultants & Licensed Tax Preparers. CPE hours will also qualify for Chartered Financial Consultant (ChFC), and Certified Financial Planner (CFP) designation holders. 

Will your cannabis education programs provide the necessary knowledge to enter this lucrative and exciting industry?

Our flagship course provides students with a complete overview of Internal Revenue Code Sections 280E and 471. The courses cover how to calculate cannabis cost of goods sold (COGS), account for inventory under IRC 471 (3) & (11), GAAP accounting basics (including cost / full absorption accounting), how to prepare GAAP compliant financial statements, the basics of cannabis business entities, and the preparation of cannabis tax returns.

What if I have questions about the cannabis tax accounting education course material?

f you have any questions, you may call or email and we will respond within 24 hours.

Are there any time limits on finishing the course material?

No! You may take all the time you need to work through the course materials!
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