1120 Preparation and Planning 6: Estimated Taxes and Special Topics (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 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 is the sixth in a series on Form 1120, focusing on estimated taxes and special topics or situations.
This on-demand course provides a refresher on the preparation of corporate income tax returns for 2023. It is designed to orient the practitioner with the latest changes in the field of taxation. This is the sixth in a series of courses on Form 1120 preparation of 2023 returns. The final course in this series reviews estimated tax payments and special tax planning rules for corporations. All of the courses in this series have been fully updated to reflect recent legislative changes.
Publication Date: February 2024
Designed For
Tax Practitoners
Topics Covered
- Estimated taxes
- PAL Rules
- Accumulated Earnings Tax
- Personal Holding Companies
- Multiple Corporations
- International Businesses
- Transition Tax
- Global Intangible Low-Taxed Income (GILTI)
- Foreign Tax Credit
- Other Types of Corporate Returns
- Audit Issues
Learning Objectives
- Recognize how to calculate required estimated tax payments to avoid penalties
- Identify how to outline the election options to use different annualized periods
- Describe the steps to file for quick refunds of overpayments
- Recognize the situations when a corporation must contend with the passive activity loss rules
- Identify how to outline the steps to avoid accumulated earnings penalties and personal holding company tax
- Identify how to detail the implications of multiple corporations
- Describe rules for international businesses and their shareholders
- Identify audit strategies
- Describe audit risks and strategies
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
