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.

Learning Objectives:

• - 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

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222