Table of Contents.
Description:
If you’re looking to expand your practice by preparing C corporation returns, this is the textbook for you! It is ideal for individuals who have never completed a Form 1120 before or have very limited experience. You’ll learn about the general tax aspects applicable to domestic C corporations, including line item explanations designed to aid in the preparation of Form 1120, U.S. Corporation Income Tax Return.
Preparing C Corporation Returns covers:
- The advantages and disadvantages of forming a C corporation.
- Tax consequences of forming a C corporation.
- Determining if §351 applies and explain the reporting requirements.
- The importance of an engagement letter.
- Selection of a tax year and accounting method to ensure the least amount of tax.
- Completing a basic Form 1120, including Schedules J, L, M-1, and M-2.
- Summarizing the dividends received deduction.
- Identifying requirements to file Form 1120, including the applicable due dates.
- Computing the shareholder’s stock basis in a C corporation.
- Summarizing the taxation of distributions from a C corporation.
Product Details:
Level: Basic level
Author: NATP Staff
Publisher: NATP
Publication Date: 2019
Format: Electronic
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Preparing C Corporation Returns Self-Study Course
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