Webcast: Corporate Income Tax Return Fundamentals Part 2 2024
4.0 Credits
Member Price $136.00
Non-Member Price $179.00
Overview
Preparing corporate income taxes requires a shift in mindset from individual tax preparation and compliance. Learn the concepts and tools necessary to support clients or businesses. Key topics include capitalization, depreciation, carrybacks and major book-to-tax issues involving corporations and Form 1120 preparation. Examine practical spreadsheet approaches that allow practitioners to efficiently and effectively manage book vs. tax differences (M-1 or M-3 items). Cover the impact of new tax law changes with ideas for client consideration. Additionally, dive into a complex corporate return case study, including a discussion of identifying book-to-tax differences and self-review tips. Discuss certain elections and a brief overview of mergers and acquisition issues. Focused on concepts with the presentation in the return, not how to input in return. This is Part 2 of a 2-part series. Be sure to register for both.
Highlights
- Uniform capitalization rules, overview
- Minor discussion on depreciation: capitalization, gain, loss and recapture
- Carrybacks, carryforwards and credit
- Case Study and presentation in return
- Mergers and Acquisitions impact on the return
Prerequisites
None
Designed For
CPAs, tax preparers and attorneys.
Objectives
- Identify major corporate tax forms, including Form 1120 and related schedules
- Outline necessary steps to complete a complex sample corporate Form 1120, including workpapers and schedules
- Review case studies throughout the day and how presented in return
- Discuss certain elections
- A brief overview of issues associated with mergers and acquisitions
Non-Member Price $179.00
Member Price $136.00