Description:
This book is for preparing 2023 taxes. This course is ideal for tax professionals who have never prepared Form 1120, U.S. Corporation Income Tax Return, or for those with limited experience. The course covers basic information regarding how to incorporate a domestic C corporation. It goes into line-by-line instructions on how to prepare Form 1120 along with explanations of the various types of income and expenses reported on the return. Lastly, there is a discussion on the tax treatment of various types of distributions from the C corporation to the shareholders.
Topics include:
- Summarize the advantages and disadvantages of forming a C corporation
- Recognize if §351 applies at incorporation
- Select a tax year and accounting method
- Differentiate between taxable and non-taxable income, and deductible and non-deductible expenses
- Explain C corporation taxation
- Summarize the taxation of distributions
- Prepare a basic Form 1120
Product Details:
Item Number: E23328
Level: Basic
Authors: NATP Staff
Published: 2023
Format: Electronic PDF - 185 Pages
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Corresponding CPE Courses:
Get this e-book FREE when you purchase the 2023 corresponding course.
Purchase Info:
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