1120 Preparation and Planning 5: Tax and Payments (2025 Edition)
Author: Greg White, Barbara Weltman
| 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 12/31/2027 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 course provides a refresher on the preparation of corporate income tax returns . This is the fifth in a series on Form 1120 preparation, focusing on tax and payments. The course reflects the extensive changes effective for 2024 that were made by legislation, court cases, and IRS pronouncements. These changes impact 2024 tax year returns that will be filed during the 2025 filing season and refund opportunities for earlier years; as well as point the way to strategic planning in 2025 and beyond. This course brings the tax preparer "up-to-speed" in preparing 2024 tax returns for the 2025 filing season.
Publication Date: October 2024
Designed For
Tax Practitioners
Topics Covered
- Regular Tax
- Avoiding Form 4626
- Tax Credits
- Tax Credit Transferability
- Other Taxes and Tax Payments
Learning Objectives
- Recognize how to compute the regular tax
- Identify tax credits
- Identify how to handle credit transfers
- Identify additional taxes
- Identify recaptures
- Recognize how to compute the final tax bill and determine whether taxes are owed or a refund is due
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
