CCH's 1120S Preparation and Planning Guide is the premier professional guide to preparing S corporation income tax returns -- plus you can use the Guide to get valuable CPE credits while preparing for the coming tax return season. It is a product that includes both print text and CD audio update; a guide to both tax preparation and planning; and a source for both quick reference and CPE credits. The second module in this course reviews trade or business income and deductions, and tax payments. Chapter 3 (Trade or Business Income) was prepared to enable participants to learn about reporting trade or business income of S corporations. Chapter 4 (Trade or Business Deductions) examines the various deductions that are taken into account in arriving at trade or business net income for S corporations. Chapter 5 (Tax and Payments) identifies when and to what extent S corporations pay income taxes.