Forms 1120 & 1120S: A Hands-On Refresher Webinar (7.5 Hours)

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

 

Objective: 

To guide financial professionals through the maze of issues related to corporate taxation. Emphasis is on C corporations, but you'll also cover S corps.

Emphasis: 
  • Consolidated groups
  • NOLs
  • Inside vs. outside tax basis
  • Capital gains and losses
  • S corp mechanics
    – Election/termination S status
    – Built-in gains tax
    – Accumulated adjustments account
    – Schedule K-1 flow-through items
    – Shareholder basis
  • Dividends-received deduction
  • Charitable contributions
  • Personal holding company tax
  • Personal service corporations

 

Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
7.50
NASBA Field of Study: 
Taxes