1120 Preparation and Planning 4: Deductions-Part 2 (2022 Edition) (Currently Unavailable)
Author: Barbara Weltman, Sidney Kess
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
This on-demand course provides a refresher on the preparation of corporate income tax returns. It is designed to orient the practitioner with the latest changes in the field of taxation.
This is the fourth in a series of courses on Form 1120 preparation. All of the courses in this series have been fully updated to reflect recent legislative changes. This courses focuses on deductions and will provide participants with a solid foundation in preparing corporate income tax returns.
Publication Date: September 2021
Designed For
Tax practitioners.
Topics Covered
- Advertising
- Retirement Plans and Employee Benefits
- Other Deductions
- Net Operating Loss
Learning Objectives
- Identify how to determine contribution limits for qualified retirement plans
- Describe health care options that employers can offer
- Recognize tax-free fringe benefits
- Recognize how to figure the net operating loss deduction
- Identify what an employer must do to utilize a safe harbor rule to ensure that the plan is nondiscriminatory
- Recognize what amount can be deducted on a 2021 return
- Identify how an NOL can be carried
- Recognize QSEHRA requirements
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
