30. Corporate Income Tax Returns Form 1120 Update and Review | Webinar
May 19, 2022
- 10:00 am - 12:00 pm Pacific Time Zone
- 11:00 am - 1:00 pm Mountain Time Zone
- 12:00 pm - 2:00 pm Central Time Zone
- 1:00 pm - 3:00 pm Eastern Time Zone
- Course Description
This course updates the seasoned and relatively new tax professional with the Federal Income Tax issues surrounding businesses that are structured as corporate entities and filing IRS Form 1120. The course also introduces the tax professional on how to approach the preparation of the Form 1120 in a methodical, common sense manner and the opportunity to understand the provisions of the Internal Revenue Code that are needed in order to properly prepare the Corporate income tax return for tax year 2021 and beyond. The course discusses the Schedule L, M-1 and M-2.
- Learning Objectives
Upon completion of this course the Tax Professional will be able to:
* Prepare Form 1120 with a solid base of understanding of corporate taxation * Recognize the concept of double taxation for the C-Corporation and the impact of the distributions to shareholders of the Corporation in the form of dividends, return of capital and capital gains * Understand the purpose of the corporate forms * Grasp the importance of the Schedule L Balance Sheet and the Reconciliation of Book to Tax Income on the Schedule M-1 as well as the Reconciliation of Retained Earnings on the Schedule M-2 * Understand changes introduced in any current legislation impacting C-Corporations
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Your certificate will be emailed to you within 10 business days of the completion of the course.
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