Special Topics Winter Series | Live Stream: Washington DC Franchise Tax Return Issues

Special Topics Winter Series | Live Stream: Washington DC Franchise Tax Return Issues

Course Price: $69.00
Register
CPE Credits
2
Date
January 29, 2021
Course Time
10:00 AM
Advanced Preparation
None
Course Level
Basic to Intermediate
Prerequisite
Knowledge of Federal Tax Law
IRS CPE
2
NASBA CPE
2
CTEC CPE
2
Instructor(s)
Isaac McRae EA, NTPI Fellow, MST

Course Description

This course will introduce Tax Professionals to the Tax Law and Regulations needed to properly prepare 2 different types of business tax returns for the District of Columbia. The course will review Form D-20 Corporate Franchise Tax Rules and Form D-30 Unincorporated Business Franchise Tax Rules.

For corporations required to file Form D-20 returns it will include:

  • Filing Requirements and Who Must File

  • S Corporations Non-Recognition for DC Tax Purposes

  • Combined Group Members Reporting

  • DC Corporate Franchise Tax Forms and Schedules

  • Tax Year Reporting

  • Due Dates

  • Minimum Tax Payment Requirement

  • DC Corporate Franchise Tax Rates

  • Penalties and Interest on Unpaid Tax and Late Filing

  • Income Allocation and Apportionment

  • Special Circumstances

  • Special Rules on Depreciation and Business Expenses

  • NOL Carrybacks and Losses Incurred Before 2000 and Before and After 2018

For Unincorporated Businesses required to file Form D-30 the session will include:

  • Filing Requirements and Who Must File

  • Combined Group Member Reporting

  • DC Unincorporate Business Franchise Tax Forms and Schedules

  • Tax Year Reporting

  • Due Dates

  • Minimum Tax Payment Requirement

  • DC Unincorporate Business Franchise Tax Rates

  • Penalties and Interest on Nonfiling and Nonpayment of Tax

  • Income Allocation and Apportionment

  • Special Circumstances

  • Special Rules on Depreciation and Business Expenses

  • NOL Carryback and Losses Incurred Before 2000 and Before and After 2018

In addition, the course will cover:

  • Changes for the Tax Year 2020 Filing Season

  • DC Corporate Franchise Tax Law Changes

  • DC Unincorporated Business Franchise Tax Law Changes

Learning Objectives

At the conclusion of this course, the Tax Professional will have a solid base of understanding of the District of Columbia’s unique law and regulations needed in order to properly provide advice to their business clients and properly prepare their business franchise tax returns.

Disclaimer
Webinar is an interactive visual and audio presentation course, hosted by a NSTP Instructor. A great way to interact, submit questions and post comments. The course includes a pre-recorded webinar and may include PowerPoints slides, a PDF textbook or both.
  • Each participant must answer the poll questions during the webinar in order to be awarded CE credits failure to do will result in no CE credits per National Association of State Boards of Accountancy (NASBA) CE program standards.
Administration Policies: NSTP follows strict administrative policies
Webinar Registration

It is vital that each individual taking the webinar register under their own name and email. The webinar link will be sent to the email of the registrant. Because the links are unique for each email address, they will not work if forwarded to another email address.

Cancellation: NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

Refunds, Cancellations, Complaints

For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.

Webinars are Interactive Visual and Audio Presentations

Each participant must answer the poll questions that appear on the screen during the webinar: failure to do so will result in no credits being awarded for that webinar.

There is no support to earn webinar CE by listening on a phone only.

Webinar Audio Troubleshooting

Keep all electronic handheld devices, such as Blackberries or cell phones, away from microphones and speakers.

A USB headset is recommended. If you are hearing an echo, try the following:

  • If using speakers for sound, reduce your speaker volume to a low level and keep your microphone away from your speakers
  • If you think the echo is from an attendee, see who is speaking and ask them to lower their speaker volume or alternately you can mute that attendee’s sound
  • If joining via telephone, make sure the audio setting on your Control Panel is not set to mic & speakers
  • Check to see if your built-in laptop microphone is turned off. If not, turn it off– built-in mics can cause echoes
  • If your webcam mic is on, turn it off – webcam mics can also cause echoes
  • If using a microphone, move it closer to you and away from sound-generating devices (computer fans, speakers, etc.)
  • Do not move or touch the microphone, especially when speaking

If there are delays, words are dropped or you hear robotic sounds:

  • This is often due to poor network performance, lack of memory or high CPU usage
  • Close all applications, tabs, programs you are not using for the presentation

VoIP users:

  • Dial-up Internet connections are inherently slow and can cause problems
  • Broadband Internet connections are recommended
  • If problem persists, switch to telephone and dial in to the meeting. You must select “Telephone” in the Audio pane to do this.

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.