Understanding Balance Sheets & Form 1120S Schedules L, M-1, M-2- A Guide for Non-Accountants
Inland Empire Chapter Virtual Meeting

Date/Time:

Wednesday, October 22, 2025
6:00 PM to 8:00 PM

Location:

Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. 

Topic: 

By the end of this session, participants will have a practical understanding of balance sheet preparation, and tax reporting for corporations, including the specifics for S Corporations. They will be equipped with the necessary skills to construct and reconcile balance sheets, and prepare Schedule M-1, including an understanding of various adjustments accounts and income/loss reconciliation.

Learning Objectives:
*Understand how the balance sheet aids in return preparation for business
*Learn how the balance sheet can help in accurate preparation of business tax returns
*Enhance knowledge of how business transactions affect tax reporting
*Understand the implications of these transactions for tax reporting
*Develop skills necessary to construct an opening and closing balance sheet.

Presenter:

Anita Monrroy, CPA, EA, MST
Anita Monrroy, CPA, EA, MST is a driven and accomplished accounting professional with a BS in Accountancy from California State University, Northridge and an MS in Taxation. After building a strong foundation at Ernst & Young, she expanded her expertise with various small to mid-sized accounting firms, focusing on audits and tax returns for diverse clients. As both a CPA and Enrolled Agent, she brings a wealth of experience and expertise to her successful small business, Monrroy Business Solutions Inc., (MBSI), and her Real Estate investments. Her professional insight is uniquely enhanced by her perspective as a small business owner. When not focused on numbers, Anita enjoys social dancing and lives with passion and dedication in Reseda, California where she resides with her two beloved chihuahuas.

CPE Information:

2 Federal Law hour(s) (Topics covering existing tax law)

IRS: 18QC1-T-02207-25-O
CTEC: 1000-CE-05687

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Registration Fee (Member): $30
Registration Fee (Non-Member): $60

For more information please contact: [email protected] OR [email protected]

Cancellation and Refund Policy for Meeting Purchase: 
Written cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.