Forms 1120 & 1120S: A Hands-On Refresher Webinar
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Overview
This continually updated workshop covers corporate tax issues related to Forms 1120 and 1120S and reviews the impact of recent legislation. It focuses on such key issues as:
- Completing critical sections of corporate tax returns
- Applying various tax concepts and solving problems
- Maximizing tax planning opportunities
- Avoiding the pitfalls
This course qualifies for IRS Continuing Education Credit.
Objective
To guide CPAs and other financial professionals through the maze of issues related to corporate taxation. Emphasis is on both C corporations and S corps.
Emphasis
- Attributes and tax consequences of C & S corps
- Calculation of taxable income
- Accounting periods and methods
- Timing of inclusion of items of income
- The "All-Events Test"
- Deductions of expenses
- Accrual method
- Uniform Capitalization Rules (UNICAP)
– Transactions exempt from UNICAP
– Costs subject to UNICAP
– Property acquired for resale - Limitation on business interest expense
- Taxation of stock options
- Depreciation after Tax Reform Act
- Depreciation changes
- Consolidated returns
- Other recent corporate changes
This course is included in the following subscriptions:
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View SubscriptionsPrerequisite
None
Level of Knowledge
Overview
CPE Credits
8
Hours
NASBA Field of Study
Taxes