CPE Course Surgent's Preparing C Corporation Tax Returns for New Staff and Para-Professionals (PCTR)

December 13, 2017

9:00 AM — 5:00 PM

Location Webinar

Member Price $219.00
Non-member Price $249.00

Curriculum Taxation

Field of Interest

Level Beginning

Designed For

New staff and para-professionals involved in return preparation

8.00 credits

View Cart

Objective

  • Develop an understanding of basic preparation principles which affect all business entities
  • Learn in detail about the preparation of a Form 1120, and Schedule M-1
  • Understand the proper treatment of trial balance entries into Form 1120

Highlights

  • 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
  • New tax-planning strategies for depreciation deductions, including changes to §179 and depreciation 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
  • Computation of tax liability, including alternative minimum tax
  • 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
  • Implications of the Affordable Care Act in tax returns
  • And much more

Instructors

Dennis P. Benvie MS, CPA

Prerequisites

None

Developer

Surgent McCoy CPE, LLC

Back to Course List View Cart