Customer Service: 800-778-7436     

To access your product click the Log In link at the top right of the screen. Once inside your account, you will be able to access your Packages, Self-Study Product, and Webinar Registrations.

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Tax Forms Boot Camp: LLCs, Partnerships, and S Corporations (TFBC)

Tuesday, October 28, 2025
09:00 AM - 05:00 PM (Eastern)

Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA

  • Format Webinar
  • Credits 8.00
  • Level Basic
  • Field of Study Taxes (8)

$279.00

Buy Now

Overview

The course provides a comprehensive, hands-on, pencil-pushing understanding of the preparation of both S corporation and partnership/LLC tax returns, along with the underlying laws, regulations, etc. The course uses the basic concepts underlying the two main types of business returns, 1120-S and 1065, as building blocks for more complex concepts tax preparers should be aware of. The theoretical concepts are illustrated in comprehensive examples that incorporate the most up-to-date law changes and provisions.

Major Topics:

  • Updates related to HR 1, One Big Beautiful Bill Act – incorporated throughout the material
  • The tax consequences, opportunities, and pitfalls of operating a business as a partnership, LLC, or S corporation
  • Reporting requirements and filing exceptions for Schedules K-2 and K-3
  • Form 7203, “S Corporation Shareholder Stock and Debt Basis Limitations”
  • Income tax laws for S corporations ranging from eligibility and election to tax return preparation, stock basis, and loss limitation issues
  • Recognizing and handling special pass-through items of income and expense
  • Preparing S corporation returns and reconciling book income to taxable income
  • Preparing partnership returns and reconciling book income to taxable income
  • What the transactional method entails and how to report partners’ capital accounts under this method
  • Properly handling the tax treatment of distributions to shareholders, partners, or members
  • The special restrictions and sanctions for tax year-end selection
  • The basics of partnership and LLC formation and basis calculation
  • Self-employment tax or NOT, for each entity
  • Filling in K-1s correctly for S corporations, partnerships, and LLCs. Major changes in K-1 reporting on both partnership and S corporation forms and content
  • The most frequently used forms and schedules, including some form “oddities”

Learning Objectives

  • Learn in detail about the preparation of Form 1120-S, Schedules M-1, K, and K-1
  • Learn in detail about the preparation of Form 1065, Schedules M-1, K, and K-1
  • Identify and handle commonly found S corporation and partnership tax issues

Who should take this course:

All levels of staff and company controllers responsible for filing these forms

None

None

Yes

Yes

No

loading

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:

GO BACK
CHECK OUT NOW

Loading...

QAS Approval Surgent
IRS Approval Surgent
CFP Approval Surgent
CTEC Approval Surgent
CPE Webinars
CPE Webinars

Thank You!

Thank You! Your subscription has been submitted.