Hands-On Training

Gain practical experience preparing s corporation tax returns using ProConnect.

Comprehensive Problem Solving

Work through guided examples and learn how to approach common s corporation return preparation questions.

Practical Return Examples

Follow guided examples in ProConnect and practice working through Form 1120S step by step.

About the Course

Build a practical Form 1120S workflow in ProConnect. Work through S corporation structures and elections, tax forms, and guided return preparation examples. Follow the recorded demonstrations to connect tax concepts with software entries and return review. Who it is for: bookkeepers adding tax services and tax professionals strengthening their S corporation preparation skills. Basic tax knowledge is helpful. Before you enroll: you need access to ProConnect to practice alongside the demonstrations. Review the live curriculum below for the exact chapters and lessons included.

Kateryna’s Story: From Burnout to Freedom with a 6-Figure Seasonal Tax Business

I know what it’s like to be exhausted—working all day just to survive, studying at night, running on caffeine and hope.  For years, I woke up before sunrise to start my shift, then rushed straight to class in the evening, only to stay up late doing homework. I was tired. But I had a dream. Eventually, I earned my CPA license. I worked in the music industry, then at one of the Big Four firms—Ernst & Young—preparing complex tax returns for major clients. It was valuable experience, but deep down, I wanted something more: Freedom. Flexibility. My own business. So I left. I’ve now been self-employed for 5 years, working only during tax season—and taking the rest of the year for myself. Tax preparation gave me the life I dreamed of. If you’re tired but still dreaming—this is for you

Curriculum

4 Chapters · 21 Lessons

    1. (Included in full purchase)

      Chapter 1.1 - Introduction to the Course Structure

    2. (Included in full purchase)

      Chapter 1.2 - History of S Corps - Why tax prep saves the world, enhances economy, importance of taxes

    3. (Included in full purchase)

      Chapter 1.3 - Differences between C-Corps, S-Corps, Partnerships and LLCs

    4. (Included in full purchase)

      Chapter 1.4 - Advantages and Disadvantages of S Corporations :Qualifications for S Corporation Status

    5. (Included in full purchase)

      Chapter 1.5 - S Corporation Election

    6. (Included in full purchase)

      Module 1 - Quiz

    1. (Included in full purchase)

      Chapter 2.1 - Form 1120S, Page 1 : Income and Deductions, Taxes and Payment

    2. (Included in full purchase)

      Chapter 2.2 - Schedule B: Other Information

    3. (Included in full purchase)

      Chapter 2.3 - Schedule K: Shareholders’ Pro Rata Share Items

    4. (Included in full purchase)

      Chapter 2.4 - Schedule L - Balance Sheet : Reconciliation and Distributions

    5. (Included in full purchase)

      Chapter 2.5 - Schedule M-1 - Reconciliation of Income (Loss) per Books with Income Tax Return

    6. (Included in full purchase)

      Chapter 2.6 - Schedule M-2 - Analysis of Accumulated Adjustments Account

    7. (Included in full purchase)

      Chapter 2.7 - Schedule M-3 - Expansion of the information provided on Schedule M-1

    8. (Included in full purchase)

      Module 2 - Quiz

    1. (Included in full purchase)

      Chapter 3.1 - Overview of Proconnect Tax - Installation and Functionalities

    2. (Included in full purchase)

      Chapter 3.2 - Understanding S-Corporation Structure & Documents (Before Form 1120S)

    3. (Included in full purchase)

      Chapter 3.3 - Entering a Basic S Corp Tax Return - Form 1120S, Page 1 (Income Statement)

    4. (Included in full purchase)

      Chapter 3.4 - Entering a Basic S Corp Tax Return - Schedule L (Balance Sheet)

    5. (Included in full purchase)

      Chapter 3.5 - Reconciliation of Income (Loss) per Books with Income Tax Return

    6. (Included in full purchase)

      Practice - Module 3

    1. (Included in full purchase)

      FAQ - ❓

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