1120 Preparation and Planning 2: Income (2024 Edition) (Currently Unavailable)
Author: Greg White, Barbara Weltman
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 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 on-demand course provides a refresher on the preparation of corporate income tax returns. This is the second in a series of courses on Form 1120 preparation, focusing on income. All of the courses in this series have been fully updated to reflect recent legislative changes. It will provide participants with a solid foundation in preparing corporate income tax returns.
Publication Date: January 2024
Topics Covered
- Introduction
- Business Income
- Other Income
- Schedules M-1, M-2, and M-3
Learning Objectives
- Identify general concepts affecting the reporting of income
- Recognize how to report inventory on Form 1125-A
- Identify and report other income items
- Identify filing requirements for Schedules M-1, M-2, and M-3
- Recognize how capital gains and losses are reported by C corporations
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
