Webcast: Corporate Income Tax Return Fundamentals (XCCITRW17)
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Preparing corporate income taxes requires a shift in mindset from individual tax preparation and compliance. Learn about the concepts and tools necessary to support clients or businesses, including capitalization, depreciation, carrybacks and other tax issues involving corporations and Form 1120 preparation. Also, understand a practical spreadsheet approach that allows practitioners to efficiently and effectively manage book vs. tax differences (M-1 or M-3 items). Plus, cover recent tax law chan

12/7/2017
When: 12/07/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4171143D
United States
Presenter: George Shewchuk, CPA


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Acronym XCCITRW17
CPE 8 hours
Vendor CalCPA
Category
Taxation
Level Beginning
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for First- to third-year preparers as well as CPAs, tax preparers and attorneys who need a review of corporate returns, corporate tax law, issues or the presentation of Form 1120.
Registration
Member $245
CPA Non-Member $375

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Preparing corporate income taxes requires a shift in mindset from individual tax preparation and compliance. Learn about the concepts and tools necessary to support clients or businesses, including capitalization, depreciation, carrybacks and other tax issues involving corporations and Form 1120 preparation. Also, understand a practical spreadsheet approach that allows practitioners to efficiently and effectively manage book vs. tax differences (M-1 or M-3 items). Plus, cover recent tax law changes and dive into a complex corporate return case study, including discussion of identifying book to tax differences as well as self-review tips.

Materials are provided as an ebook.

Objectives

  • Identify substantive tax issues involving regular corporations.
  • Recognize and identify book to tax differences.
  • Recognize gains and losses, Form 4797 and Secs. 1231, 1239, 1245, 1250 and 291.
  • Determine a workpaper format and approach to efficiently prepare corporate Form 1120.
  • 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.

Major Topics

  • Corporate structure
  • Form 1120 and Schedule M-1 or M-3
  • Items for book-tax differences
  • Tax accounting methods
  • Uniform capitalization rules
  • Depreciation: capitalization, gain, loss and recapture
  • Carrybacks, carryforwards and credit
  • AMT and ACE adjustments