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Courses/Tax/NASBA - Taxes *

Top 10 Form 1120S Mistakes

Learn all about S Corps!

Created byNicholas Preusch
BeginnerUpdated Jul 27, 2024
Top 10 Form 1120S Mistakes

What You'll Learn

check_circleIdentify Common Errors: Recognize the top 10 mistakes commonly made on Form 1120S, from reporting income to calculating deductions and credits.
check_circleUnderstand the Consequences: Learn about the potential penalties and compliance issues associated with each of these mistakes.
check_circleImplement Best Practices: Gain practical tips and strategies to avoid these errors, ensuring accurate and timely tax filings
check_circleEnhance Client Communication: Improve your ability to explain complex tax issues related to Form 1120S to clients, enhancing trust and client satisfaction.
check_circleStay Current: Keep up-to-date with the latest IRS regulations and guidelines related to S corporations and Form 1120S.

About This Course

Navigating the complexities of Form 1120S can be challenging, and even experienced tax professionals can make mistakes that lead to costly penalties and compliance issues. This comprehensive course is designed to help tax preparers, accountants, and CPAs identify and prevent the top 10 most common mistakes made on Form 1120S, ensuring accurate and compliant S corporation tax filings.

Your Instructor

Nicholas Preusch
Nicholas Preusch
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star423 reviews

Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.

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We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.