Preparing business tax returns can be complex, but leveraging ProConnect Tax’s robust features simplifies the process, reduces errors, and increases efficiency. This course provides a guide to handling essential forms, including 1040, 1065, 1041, 1120-S, and 1120.
Participants will learn how to confidently enter data, calculate key deductions, and troubleshoot common issues like balance sheet discrepancies. By optimizing these workflows, tax professionals can save time and improve accuracy. This session is ideal for those looking to deepen their understanding of ProConnect Tax and maximize its potential for business tax preparation.
By attending this course, attendees will be able to:
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Enter business use of home expenses and apply the simplified method for Form 8829 within ProConnect Tax to ensure accurate calculations for 1040 returns.
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Efficiently allocate income and generate K-1 packages for Form 1065 Partnership returns using ProConnect Tax.
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Enter officer compensation and shareholder distributions for 1120-S returns.
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Resolve common balance sheet issues and apply strategies to suppress unnecessary schedules for various business tax returns in ProConnect Tax.
Who Should Attend?
Anyone new to or considering using Intuit ProConnect Tax to prepare tax returns.
Prerequisites: None
Course Level: Basic
Course Length: 60 Minutes
Delivery Method: Group - Live Internet
Field of Study: Business Management & Organization – Non-Technical
CPE: 1
CE: 1
IRS Course ID: NESGF-T-00197-24-O
Intuit (Sponsor ID# 103311) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Note: This event is free and there is no fee to attend. For concerns about this event or program cancellation policies, please reach out to Protax_training@intuit.com.
