Taxation of Corporations - Tax Staff Essentials
Save when you buy the complete Tax Staff Essentials, Level 2 online bundle.
This comprehensive CPE course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C Corporations and S Corporations.
- Formation of corporation and Section 1244 stock
- Income: dividends, interest, rentals, capital gains
- Salaries, employee benefits and retirement plans
- Economic performance and other deductions
- Net operating losses
- Personal Service Corporations
- Tax rates, AMT, and tax credits
- Case studies for tax return preparation
This course will prepare you to:
- Identify the benefits of forming a corporation
- Apply the rules for transfer of assets and liabilities to a new corporation
- Review the accounting methods available to a corporation
- Understand reasonable compensation issues with respect to a Closely Held Business
- Analyze the best retirement plan recommendation for a corporation
- Recognize economic performance, including issues and deduction limitations related to bad debts, rent, tax, and interest expense
- Determine the availability of tax credits and other entitlements related to retirement plans for a corporation
- Understand the requirements for reporting Schedule M-3 (book/tax reconciliation for large corporations) and Schedule UTP (Uncertain Tax Positions)
- Plan for tax efficient use of Corporation Net Operating Losses
Who Will Benefit?Tax professionals in public accounting: seniors, supervisors, and managers
Prerequisite: Three to five years of tax experience
Advance Preparation: None.
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