C Corporation Income Tax - Form 1120
The classic corporation. Step-by-step training on Form 1120. Robust practice tax return walk throughs.
At the end of this course, the student will be able to do the following:
- Preparation by hand of a reasonably complicated Form 1120 U.S. corporate income tax return from trial balance to completed return
- The importance of Schedule M-1, including many adjustments in reconciling book income to tax income, and items preparation staff may look for on all business returns. Learn to self-review
- New tax-planning strategies for depreciation deductions, including changes to §179 and first-year depreciation (Section 168(k)) as a result of new tax legislation
- Methods of accounting -- Application and choices
- In-depth analysis of Form 4797 dealing with depreciation recapture
- Deductible expenses -- including rules on meals and entertainment
- Section 163(j) as amended by CARES Act
- Computation of tax liability
- Overview of many common business deductions; which are deductible and which are M-1 items?
- How to practically handle uniform capitalization and inventory accounting for a small manufacturing concern
- And much more
- Additional Course Details
- 4 C.E. Hours: one credit hour is earned for each 50 minutes of class
- Program Name: C Corporation Income Tax - Form 1120
- Education Provider: The Tax Curative Institute
- Instructional Delivery Method: Online Group/Internet Based
- Program Knowledge Level: Basic to Intermediate
- Prerequisites: None
- Advance Preparation: None
- IRS-Approved Education Provider: The Tax Curative Institute
- IRS Education Provider Number: LPJUA-T-00006-23-O
- Refund / Cancellation Policy: A full refund is available within three days of purchase if you are unsatisfied for any reason (except if the course has been started; in that case, there will be no refund available).