Learn to enter tax data for an S Corporation into Form 1120S from a CPA

S Corporation Income Tax - Form 1120S

Name: Systematic S Corporation Tax Data Entry via Case Study
Rating: 6.1

InstructorRobert (Bob) Steele

Duration4h 3m

Students31.5K

Rating4.6 (602)

Systematic S Corporation Tax Data Entry via Case Study

Strengths

Structured Case Study Workflow

The curriculum follows a sequential 19-part comprehensive problem that moves from balance sheet imputation to income statements and specific tax schedules.

Practical Reconciliation Tools

The inclusion of an Excel worksheet for tracking M-1 adjustments provides a practical method for organizing and reconciling tax data.

Limitations

Potential Content Obsolescence

Learner signals suggest the methods, software, and specific tax topics like FICA may not reflect current-year requirements.

Rapid Instructional Delivery

The presentation pace is noted as being quite fast, which may impact comprehension for some learners.

Best suited to

Tax professionals seeking systematic workflows
Accounting students studying S Corporation forms

Less suited to

Learners requiring current-year tax law updates
Those preferring a slower instructional pace

Comidoc Score

6.1/10

Worth considering

Defined audience

Comidoc verdict

Entering S Corporation data into Form 1120S involves a mechanical process using Lacerte software and Excel. By following a single, large-scale case study, learners observe how various adjustments—such as M-1 items and Schedule K entries—impact the final tax return.

The utility of this workflow is tempered by concerns regarding the age of the instructional material and the speed of delivery. Some signals indicate that the software and specific tax procedures may not align with the most recent tax years, and the rapid pace of explanation can make following complex topics difficult.

This course makes sense for those looking to understand a systematic data-entry structure through a single comprehensive problem, provided they are comfortable supplementing the material with current-year tax law research.

Score breakdown

Curriculum depth: 8.0
Applied learning: 8.0
Clarity & experience: 3.5
Currency & reliability: 3.5
Audience fit: 5.8

Editorial course preview

What the public course preview actually shows

These 4 complementary views highlight concrete, legible examples from the course presentation.

An Excel spreadsheet screenshot displaying a trial balance worksheet with columns for Unadjusted Trial Balance, Adjustments, and Tax Trial Balance, alongside a list of accounts and — Preview 1 of 4
This Excel worksheet organizes financial data into unadjusted, adjusted, and tax trial balances to prepare for S Corporation income tax reporting.

A screenshot of Lacerte Tax software displaying a completed Form 1120-S U.S. Income Tax Return for an S Corporation with business details and financial figures entered. — Preview 2 of 4
This screenshot shows the Lacerte Tax software interface displaying a filled-out Form 1120-S, illustrating how to enter business information and income data.

Screenshot of Lacerte Tax software displaying Form 1120-S Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return, showing line items for net income,折旧 — Preview 3 of 4
This screenshot from Lacerte Tax software illustrates the Schedule M-1 reconciliation process on Form 1120-S, detailing adjustments between book income and taxable income.

Screenshot of Lacerte Tax software displaying a 2019 Schedule K-1 form for an S-Corporation named Comp 1, showing Part I corporation details and Part III shareholder income figures — Preview 4 of 4
This screenshot shows the Lacerte tax software interface displaying a completed 2019 Schedule K-1 form for an S-Corporation, detailing corporate information and specific shareholder income allocations.

Coupon history

Comidoc has tracked 4 coupons for this course since 2025, last checked 9 months, 15 days ago. On average, a new coupon appears roughly every 86 days.

Coupon code	Discount	Added	Status	Lifetime
F5D5A191B032E1B61C68	100% off	Nov 29, 202510:36 PM UTC	Expired	~3 daysRan full term
1AC5473C6F4381F0C30C	100% off	Nov 7, 202509:32 PM UTC	Expired	~5 daysRan full term
BB20AACBD80D2469C63F	100% off	Oct 28, 202501:11 PM UTC	Expired	~5 daysRan full term
72E5902CC781E71EB438	100% off	Oct 10, 202511:11 AM UTC	Expired	~5 daysRan full term