The course will cover IRS guidelines for Form 1120S, income and deductions, schedules B, E, K, L, and M, and the process of setting up clients in Drake Tax software. Participants will also learn how to draft engagement letters, e-file returns, and handle amended returns. Key Drake Tax software screens and tabs will be discussed to streamline the tax preparation process.
This course is suitable for tax professionals who work with corporate tax filings, especially those dealing with 1120S forms. It is also recommended for tax preparers looking to improve their efficiency with Drake Tax software and individuals interested in gaining a deeper understanding of IRS guidelines for business taxation. Anyone involved in corporate tax filing or looking to specialize in this area would benefit from the course.
This course emphasizes practical learning through real-life case studies and hands-on examples. It breaks down complex tax concepts into manageable steps for easy application. Learners can directly apply the skills in their day-to-day business tax scenarios.
Participants gain access to comprehensive learning materials, including detailed course modules, real-life case studies, and interactive quizzes. It covers fundamental business tax topics and strategies for tax planning. Access to downloadable resources and expert insights is also included.
The instructor brings years of experience in corporate tax preparation and proficiency in using Drake Tax software. He has a strong understanding of IRS guidelines for 1120S and other business taxes, along with hands-on knowledge of the software's functionalities, ensuring an insightful learning experience.
Upon completing this course, participants can pursue roles such as corporate tax preparers, CPAs specializing in 1120S filings, Drake Tax software experts, and tax advisors for small businesses. The skills learned will improve career prospects in the field of tax preparation and consulting, specifically for businesses subject to 1120S filings.
