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.
Tax Section Members Receive Additional Savings!
When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or firstname.lastname@example.org.