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PPC's 1120S Deskbook

PPC's 1120S Deskbook

Product Information

  • Frequency of Updates:

    Updated annually
  • Updated for FFCRA and CARES Act and subsequent administrative pronouncements.

  • Brand:
    Practitioners Publishing

Format

Price

Quantity

Book
2 Volumes
Product Code:
T2SP
$460.00
    +
eBook - ProView
Product Code:
T2SV2023
$430.00
    +

Given the IRS's interest in examining the returns of S corporations and their shareholders, practitioner due diligence and proper preparation of your clients' returns are more important than ever. With the key issues, examples, filled-in Schedule K-1s and other forms, checklists, worksheets, and other quality control tools in the Deskbook, you and your staff can solve the difficult or unclear issues encountered when preparing Form1120-S and the related forms and schedules, as well as Forms 2553 (Selection form) and 8869 (QSub election form). The Deskbook points out elections and other tax-saving opportunities while preparing the return; plus, the tax planning roadmaps highlight planning opportunities that you and your staff can pursue after busy season.

The Deskbook includes valuable tax practice tools, including a tax return preparation engagement letter, client organizer, due diligence checklist, long and short form return preparation checklists, and first year and final year return preparation checklists. In addition, the tax planning roadmaps provide a quick and easy way of identifying post-busy season planning opportunities by reviewing your clients’ completed tax returns.

  • 1120S Deskbook
    • INTRODUCTORY MATERIAL
    • Initial S Year
      • Chapter 1: Eligibility
      • Chapter 2: Filing and Repairing the S Election
      • Chapter 3: Incorporation and Capitalization
      • Chapter 4: Organizational and Start-up Expenses (Preopening Expenses)
      • Chapter 5: Hidden Traps
    • Ordinary Income
      • Chapter 6: Trade or Business Income
      • Chapter 7: Cost of Goods Sold
      • Chapter 8: Nonbusiness Income
    • Asset Dispositions
      • Chapter 9: Installment Sales and Like-kind Exchanges
      • Chapter 10: Trade or Business Property Transactions
      • Chapter 11: Debt Discharge Income and Foreclosures
    • Deductions
      • Chapter 12: Compensation
      • Chapter 13: Bad Debt Losses
      • Chapter 14: Taxes and Interest
      • Chapter 15: Depreciation and Depletion
      • Chapter 16: Fringe Benefits and Retirement Plans
      • Chapter 17: Travel and Entertainment
      • Chapter 18: Other Deductions
    • Transactions with Shareholders
      • Chapter 19: Shareholder Stock Basis
      • Chapter 20: Shareholder Debt Basis
      • Chapter 21: Distributions
      • Chapter 22: Property Transactions with Shareholders
    • Balance Sheet and Equity Accounts
      • Chapter 23: Schedule L—The Balance Sheet
      • Chapter 24: Schedules M-1 and M-3
      • Chapter 25: Schedule M-2
    • Pass-through to Shareholders
      • Chapter 26: Schedules K and K-1—Pass-through
      • Chapter 27: Alternative Minimum Tax
      • Chapter 28: Business Credits
      • Chapter 29: Foreign Taxes
    • Shareholder Losses
      • Chapter 30: Shareholder Losses: Basis Limitations
      • Chapter 31: Passive Activity Loss
      • Chapter 32: Shareholder Losses: At-risk Limitations
    • Corporate Taxation
      • Chapter 33: Built-in Gains Tax
      • Chapter 34: Tax on Excess Net Passive Income
      • Chapter 35: Other Tax Payments
    • S Terminations and Changes in Stock Ownership
      • Chapter 36: Termination of S Status
      • Chapter 37: Stock Dispositions
      • Chapter 38: Changes in Corporate Capital Structure
    • Administrative Matters
      • Chapter 39: Tax Years
      • Chapter 40: Accounting Methods
      • Chapter 41: Filing and Amending Form 1120S, Corporate Audits, and Penalties
    • QUICK REFERENCE TABLES
      • ELECTING S STATUS
      • PREOPENING COSTS
      • INTEREST AND TAX TABLES
      • EMPLOYEE REIMBURSEMENTS OR ALLOWANCES
      • PENSION CONTRIBUTION LIMITS
      • AUTO TABLES
      • CORPORATE-LEVEL TAXES
      • CREDIT TABLES
      • PENALTIES
      • BASIS, AAA, AND AE&P
      • ALTERNATIVE MINIMUM TAX
      • ACCOUNTING METHODS
    • DEPRECIATION TABLES
      • RECOVERY PERIODS
      • SUMMARIES
      • MACRS PERSONAL PROPERTY
      • MACRS REAL PROPERTY
      • AUTOMOBILE DEPRECIATION TABLES
    • TAX ELECTIONS
      • ELECTING S OR QSUB STATUS
      • INITIAL S CORPORATION RETURN
      • RECEIPT OF PROPERTY
      • DEPRECIATION AND COST RECOVERY
      • SHAREHOLDERS BASIS
      • DISTRIBUTIONS TO SHAREHOLDERS
      • ALTERNATIVE MINIMUM TAX
      • PASSIVE ACTIVITIES
      • DISPOSITION OF STOCK
      • TERMINATION OF S OR QSUB STATUS
      • ACCOUNTING AND ADMINISTRATIVE MATTERS
    • CHECKLISTS
      • RETURN PREPARATION
      • INCORPORATION AND ELECTING S STATUS
      • CORPORATE OPERATIONS
      • SHAREHOLDERS
    • WORKSHEETS
      • INCORPORATION
      • INCOME, GAINS AND EXPENSES
      • DEPRECIATION AND DEPLETION
      • CORPORATE-LEVEL TAXES AND PAYMENTS
      • SHAREHOLDERS
    • ADDITIONAL PREPARATION RESOURCES
      • ENGAGEMENT MANAGEMENT
      • SAMPLE FORMS
      • PRACTICE MANAGEMENT
      • TAX RESEARCH
      • TAX LAW
    • Roadmap to S Corporation Tax Planning
    • INDEX
      • --A--
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      • --E--
      • --F--
      • --G--
      • --H--
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      • --M--
      • --N--
      • --O--
      • --P--
      • --Q--
      • --R--
      • --S--
      • --T--
      • --U--
      • --V--
      • --W--
  • List of Substantive Changes and Additions View

DESCRIPTION

Given the IRS's interest in examining the returns of S corporations and their shareholders, practitioner due diligence and proper preparation of your clients' returns are more important than ever. With the key issues, examples, filled-in Schedule K-1s and other forms, checklists, worksheets, and other quality control tools in the Deskbook, you and your staff can solve the difficult or unclear issues encountered when preparing Form1120-S and the related forms and schedules, as well as Forms 2553 (Selection form) and 8869 (QSub election form). The Deskbook points out elections and other tax-saving opportunities while preparing the return; plus, the tax planning roadmaps highlight planning opportunities that you and your staff can pursue after busy season.

The Deskbook includes valuable tax practice tools, including a tax return preparation engagement letter, client organizer, due diligence checklist, long and short form return preparation checklists, and first year and final year return preparation checklists. In addition, the tax planning roadmaps provide a quick and easy way of identifying post-busy season planning opportunities by reviewing your clients’ completed tax returns.

TABLE OF CONTENT

  • 1120S Deskbook
    • INTRODUCTORY MATERIAL
    • Initial S Year
      • Chapter 1: Eligibility
      • Chapter 2: Filing and Repairing the S Election
      • Chapter 3: Incorporation and Capitalization
      • Chapter 4: Organizational and Start-up Expenses (Preopening Expenses)
      • Chapter 5: Hidden Traps
    • Ordinary Income
      • Chapter 6: Trade or Business Income
      • Chapter 7: Cost of Goods Sold
      • Chapter 8: Nonbusiness Income
    • Asset Dispositions
      • Chapter 9: Installment Sales and Like-kind Exchanges
      • Chapter 10: Trade or Business Property Transactions
      • Chapter 11: Debt Discharge Income and Foreclosures
    • Deductions
      • Chapter 12: Compensation
      • Chapter 13: Bad Debt Losses
      • Chapter 14: Taxes and Interest
      • Chapter 15: Depreciation and Depletion
      • Chapter 16: Fringe Benefits and Retirement Plans
      • Chapter 17: Travel and Entertainment
      • Chapter 18: Other Deductions
    • Transactions with Shareholders
      • Chapter 19: Shareholder Stock Basis
      • Chapter 20: Shareholder Debt Basis
      • Chapter 21: Distributions
      • Chapter 22: Property Transactions with Shareholders
    • Balance Sheet and Equity Accounts
      • Chapter 23: Schedule L—The Balance Sheet
      • Chapter 24: Schedules M-1 and M-3
      • Chapter 25: Schedule M-2
    • Pass-through to Shareholders
      • Chapter 26: Schedules K and K-1—Pass-through
      • Chapter 27: Alternative Minimum Tax
      • Chapter 28: Business Credits
      • Chapter 29: Foreign Taxes
    • Shareholder Losses
      • Chapter 30: Shareholder Losses: Basis Limitations
      • Chapter 31: Passive Activity Loss
      • Chapter 32: Shareholder Losses: At-risk Limitations
    • Corporate Taxation
      • Chapter 33: Built-in Gains Tax
      • Chapter 34: Tax on Excess Net Passive Income
      • Chapter 35: Other Tax Payments
    • S Terminations and Changes in Stock Ownership
      • Chapter 36: Termination of S Status
      • Chapter 37: Stock Dispositions
      • Chapter 38: Changes in Corporate Capital Structure
    • Administrative Matters
      • Chapter 39: Tax Years
      • Chapter 40: Accounting Methods
      • Chapter 41: Filing and Amending Form 1120S, Corporate Audits, and Penalties
    • QUICK REFERENCE TABLES
      • ELECTING S STATUS
      • PREOPENING COSTS
      • INTEREST AND TAX TABLES
      • EMPLOYEE REIMBURSEMENTS OR ALLOWANCES
      • PENSION CONTRIBUTION LIMITS
      • AUTO TABLES
      • CORPORATE-LEVEL TAXES
      • CREDIT TABLES
      • PENALTIES
      • BASIS, AAA, AND AE&P
      • ALTERNATIVE MINIMUM TAX
      • ACCOUNTING METHODS
    • DEPRECIATION TABLES
      • RECOVERY PERIODS
      • SUMMARIES
      • MACRS PERSONAL PROPERTY
      • MACRS REAL PROPERTY
      • AUTOMOBILE DEPRECIATION TABLES
    • TAX ELECTIONS
      • ELECTING S OR QSUB STATUS
      • INITIAL S CORPORATION RETURN
      • RECEIPT OF PROPERTY
      • DEPRECIATION AND COST RECOVERY
      • SHAREHOLDERS BASIS
      • DISTRIBUTIONS TO SHAREHOLDERS
      • ALTERNATIVE MINIMUM TAX
      • PASSIVE ACTIVITIES
      • DISPOSITION OF STOCK
      • TERMINATION OF S OR QSUB STATUS
      • ACCOUNTING AND ADMINISTRATIVE MATTERS
    • CHECKLISTS
      • RETURN PREPARATION
      • INCORPORATION AND ELECTING S STATUS
      • CORPORATE OPERATIONS
      • SHAREHOLDERS
    • WORKSHEETS
      • INCORPORATION
      • INCOME, GAINS AND EXPENSES
      • DEPRECIATION AND DEPLETION
      • CORPORATE-LEVEL TAXES AND PAYMENTS
      • SHAREHOLDERS
    • ADDITIONAL PREPARATION RESOURCES
      • ENGAGEMENT MANAGEMENT
      • SAMPLE FORMS
      • PRACTICE MANAGEMENT
      • TAX RESEARCH
      • TAX LAW
    • Roadmap to S Corporation Tax Planning
    • INDEX
      • --A--
      • --B--
      • --C--
      • --D--
      • --E--
      • --F--
      • --G--
      • --H--
      • --I--
      • --L--
      • --M--
      • --N--
      • --O--
      • --P--
      • --Q--
      • --R--
      • --S--
      • --T--
      • --U--
      • --V--
      • --W--

RELATED RESOURCES

  • List of Substantive Changes and Additions View