1120 Preparation and Planning 1: Introduction to Form 1120 (2026 Edition)
Author: Barbara Weltman, Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This one-hour CPE course provides a refresher on the preparation of corporate income tax returns, an overview of the elements of Form 1120, and key requirements and selections. The course reflects the extensive changes effective for 2025 that were made by the One Big Beautiful Bill Act of 2025 (OBBB Act) and other legislation, court cases, and IRS pronouncements. These changes impact 2025 tax year returns that are filed during the 2026 filing season and refund opportunities for earlier years; as well as point the way to strategic planning in 2026 and beyond. This course brings the tax preparer "up-to-speed" in preparing 2025 tax returns for the 2026 filing season.
Publication Date: October 2025
Designed For
Tax Practitioners
Topics Covered
- Introduction to the Return for C Corporations
- Corporate Information
- Schedule K
- Personal Service Corporations
- Accounting Methods and Tax Year
Learning Objectives
- Determine both the nature of the corporate tax return and the role of the preparer in the preparation of the return
- Recognize key filing requirements, including extension options
- Identify the information required on the top of page 1 of Form 1120 as well as on Schedule K of Form 1120
- Determine the implications of being a personal service corporation
- Identify and assess the options for and limitations on selecting an accounting method and tax year for the corporation
- Identify and assess the options for and limitations on selecting an accounting method and tax year for the corporation
- Identify the form on which an accounting method change generally must be requested during the year in which the taxpayer wants to make the change
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
