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Home›Karmayogi›Form 1120-S

Global Tax Practice · Simulator

Form 1120-S S Corporation and K-1

Prepare an S corporation return, the K-1s and shareholder basis.

3 Levels30 Practice ReturnsTax Year 20256 Months AccessWorkpapers & Answer Key

Plans and Prices

Free Demo

₹0
  • One fixed-number case per level
  • Full guided walkthrough
Try the Demo

Basic

₹3,300 ₹2,500$30
Save ₹800
  • 10 Basic practice returns
  • Source documents, workpapers, answer key and Input Mode

Intermediate

₹4,500 ₹3,500$40
Save ₹1,000
  • 10 Intermediate practice returns
  • Source documents, workpapers, answer key and Input Mode

Advanced

₹6,000 ₹4,500$55
Save ₹1,500
  • 10 Advanced practice returns
  • Source documents, workpapers, answer key and Input Mode

Complete BundleBest Value

₹10,500 ₹8,000$95
Save ₹2,500
₹10,500 if bought separately
  • All three levels: 30 practice returns
  • Source documents, workpapers and answer key for every return

US Business Returns Bundle

₹31,500 ₹18,000$210
Save ₹13,500
₹24,000 as three separate bundles
  • Forms 1065, 1120-S and 1120, all levels
  • 90 practice returns: partnerships, S corporations and C corporations

Already enrolled? Log in, then open your level: Basic · Intermediate · Advanced.

Self-study course. Practise on your laptop, desktop, tablet or mobile. Live classes, video lectures and in-person coaching are not included and are charged separately: see Coaching Classes.

6 months of access. Secure Razorpay checkout: pay in Indian rupees, or in US dollars if you are outside India (choose at checkout).

S corporation work turns on shareholder basis, AAA and officer pay, which are easy to get wrong. This simulator walks through each one with numbers you work yourself.

A simulator for US S corporation returns: officer pay, pass-through items on Schedule K and each shareholder's K-1, the AAA and shareholder stock and debt basis on Form 7203.

Who It Is For

  • Staff preparing small-business and owner-managed returns
  • Students learning pass-through taxation

Skills You Build

Officer Pay TreatmentSchedule K and K-1AAA and Retained EarningsStock and Debt BasisSuspended LossesEntity-Level Taxes
Sample screen
Sample screen

What You Learn

BasicOfficer pay and 2% shareholder health insurance, Schedule K, K-1s, AAA, M-1 and M-2.
IntermediateStock and debt basis (Form 7203), suspended losses, distributions above basis and accumulated E&P.
AdvancedBuilt-in gains tax, excess net passive income tax, mid-year stock sales and rental real estate.

What You Get

  • Software-Style Input Mode: Key every source record into data entry screens like professional software, clear the diagnostics, review and file, then see every line that differs from the answer key and the input that caused it. Try it free.
  • Guided Walkthrough: Every number moves from its source document to its line, step by step, with the rule and the maths. Auto-Play and narration included.
  • Your Own Numbers: 10 case studies per level. Each student gets unique figures, and New Version gives fresh numbers whenever you want to practise again.
  • Practice Mode: Blank lines to fill in yourself. Check My Answers shows what matches and hints at the rest.
  • Answer Sheet: Every correct value with its working, grouped by form or workpaper.
  • Scope and Assumptions: Each form lists what is included, excluded and assumed, so you know exactly what you are learning.
  • Presenter Mode: Large, clean screens for classrooms and group sessions.
  • Certificate: Score 80% or more on all 10 cases of a level in Certificate Attempts (fresh numbers, no hints of right or wrong, first check counts) to earn a Vyas Peeth certificate with an ID employers can verify; add it to LinkedIn in one click.
  • US Tax Career Kit: 150 interview questions with model answers, resume templates and a LinkedIn kit, included with your plan.
Surya P Vyas
Designed by Your Mentor

Surya P Vyas

CA, EA, B.Com, PG DBM, Six Sigma & Pursuing ACCA · 25+ years in global tax, 10+ years in the US · Former Big 4 Tax and Transformation Leader who led teams of 600+ professionals.

DeloittePwCShellKPMGThomson Reuters

About Your Mentor → · What People Say →

FAQs

Does it cover Form 7203?

Yes. Intermediate covers shareholder stock and debt basis on Form 7203, suspended losses and distributions above basis.

Is this different from the Form 1065 course?

Yes. Both are pass-through returns, but S corporations follow their own rules for officer pay, AAA, basis and entity-level taxes.

Which tax year does it use?

Tax year 2025.

How do I subscribe?

Choose a plan above and press Buy Now. Enter your name, login email and WhatsApp, pay on Razorpay, then activate on the Thank You page with your Payment ID. Colleges and coaching centres with 10+ students can ask for an institution licence.

What do I need?

A current browser (Chrome, Edge, Safari or Firefox) and internet. A laptop works best for simulators. One login, up to 2 of your own devices.

Are classes included?

No. This is a self-study course that you use on your laptop, desktop, tablet or mobile. Live classes, video lectures and in-person or classroom coaching are not included in the price; they can be arranged separately at an extra charge. See Coaching Classes or WhatsApp +91 81478 99500.

How long is access?

6 months from activation. Full refund within 7 days (bundles as a whole).

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Questions? WhatsApp us or see the FAQs. What each form covers: Scope & Assumptions.

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Your Details

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Self-study access (laptop, desktop, tablet or mobile) for 6 months; live, video or in-person classes are not included. Your login works on up to 2 of your own devices. By paying you agree to the Terms and Refund Policy.