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