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:

• Enter business use of home expenses and apply the simplified method for Form 8829 within ProConnect Tax to ensure accurate calculations for 1040 returns.

• Efficiently allocate income and generate K-1 packages for Form 1065 Partnership returns using ProConnect Tax.

• Enter officer compensation and shareholder distributions for 1120-S returns.

• Resolve common balance sheet issues and apply strategies to suppress unnecessary schedules for various business tax returns in ProConnect Tax.

Who Should Attend?

New ProConnect Tax users familiar with fundamental program concepts and current users seeking to reinforce their understanding of business tax return data entry.

Course Level: Basic

Course Length: 60 Minutes

Delivery Method: Group - Live Internet

Field of Study: Tax - Technical

CPE: 1

CE: 1