Part 4 of 1120S Preparation and Planning provides an overview of Schedules L, M-1, M-2, M-3 and K-1. The course reviews distributive shares, the differences between Schedule K and K-1 and shareholder basis. Planning opportunities available for S Corporations are provided, and a discussion of when it is advisable to elect S status, versus when it is not, is included. The course also provides tips to help you avoid common errors when preparing Form 1120S. New developments are noted throughout the course. Visit the CCH Learning Center Website For More Information, To Purchase and To Enroll.