1120 Preparation and Planning 5: Tax and Payments (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 course provides a refresher on the preparation of corporate income tax returns. This is the fourth in a series on Form 1120 preparation, focusing on tax and payments.
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 will be 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
- Regular Tax
- Schedule J
- Tax Credits
- Credits for Small Corporations with Respect to Retirement Plans
- Notice 2024-2
- Commercial EVs
- 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
- State how to compute the final tax bill and determine whether taxes are due, or a refund is owed
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
