All courses / Drake Tax / Form 1120S
S-Corporation.
Inside Drake Tax.
Connect the business financials, Form 1120S, and shareholder reporting. Learn the structure first, then follow a practical S-corporation example inside Drake Tax.
Drake Tax · Form 1120S · Learn at your own pace
You’re ready for
a clearer next step.
You can read the financial statements, but the entity-return workflow still feels unfamiliar.
You want to understand the balance sheet and book-to-tax reconciliation instead of guessing at inputs.
You know individual returns and want practical experience with S-corporation work.
Bookkeepers moving into entity returns, preparers adding S-corporation work, and EAs or CPAs seeking hands-on software training.
Turn “where does this go?”
into a practical workflow.
Understand the differences between S-corporations and other entity types.
Follow Form 1120S and its supporting schedules.
Connect the income statement and balance sheet to software inputs.
Work through a simple S-corporation return example in Drake Tax.
Course Curriculum
4 chapters · 21 lessons and resources listed in Thinkific
01Module 1 — Business Structures6 items
- Chapter 1.1 - Introduction to the Course Structure
- Chapter 1.2 - History of S Corps - Why tax prep saves the world, enhances economy, importance of taxes
- Chapter 1.3 - Differences between C-Corps, S-Corps, Partnerships and LLCs
- Chapter 1.4 - Advantages and Disadvantages of S Corporations :Qualifications for S Corporation Status
- Chapter 1.5 - S Corporation Election
- Module 1 - Quiz
02Module 2 — Tax Forms8 items
- Chapter 2.1 - Form 1120S, Page 1 : Income and Deductions, Taxes and Payment
- Chapter 2.2 - Schedule B: Other Information
- Chapter 2.3 - Schedule K: Shareholders’ Pro Rata Share Items
- Chapter 2.4 - Schedule L - Balance Sheet : Reconciliation and Distributions
- Chapter 2.5 - Schedule M-1 - Reconciliation of Income (Loss) per Books with Income Tax Return
- Chapter 2.6 - Schedule M-2 - Analysis of Accumulated Adjustments Account
- Chapter 2.7 - Schedule M-3 - Expansion of the information provided on Schedule M-1
- Module 2 - Quiz
03Module 3 — Practice (Simple S Corporation Example)6 items
- Chapter 3.1 - Overview of Drake Tax - Installation and Functionalities
- Chapter 3.2 - Understanding S-Corporation Structure & Documents (Before Form 1120S)
- Chapter 3.3 - Entering a Basic S Corp Tax Return - Form 1120S, Page 1 (Income Statement)
- Chapter 3.4 - Entering a Basic S Corp Tax Return - Schedule L (Balance Sheet)
- Chapter 3.5 - Reconciliation of Income (Loss) per Books with Income Tax Return
- Practice - Module 3
04Module 4 — Comprehensive Problem1 items
- Answers
See how I teach.
Watch a preview of S-Corporation in Drake Tax right here. No account or signup required.
Learn at a pace
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Follow the recorded training, revisit the explanations, and work through the examples as you build familiarity with the preparation process.
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S-Corporation in Drake Tax
21 lessons and resources · Recorded training
Continue to Thinkific checkout →Review access terms, included resources, and final total at checkout.
- Complete your purchase in Thinkific.
- Open your student account to access the training.
- Follow the modules and revisit the examples as you learn.
Hi, I’m Kat.
Let’s make tax practical.
I’m a California CPA with more than 10 years of tax preparation and review experience, including work at EY. I created Not So Boring CPA to help you connect tax concepts to the work you actually do.
My goal is to make the software and preparation process easier to follow—one practical example at a time.
Meet Kat →Before you get started.
How do I access the course?
Enroll through the matching Thinkific checkout. Use your Thinkific student account to access the training after purchase.
Do I need to start on a specific date?
This is recorded training. Review the current offer for course availability and your access period.
Can I preview a lesson before buying?
Yes—watch the course preview above without creating an account.
Is a software license included?
Check the current offer for any included practice software access. Recorded demonstrations do not by themselves provide a software license.
Which lessons and resources are included?
The curriculum above summarizes the current course listing, including lessons and supporting resources.
Ready to make the process
feel more familiar?
S-Corporation in Drake Tax · $199.99 USD
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