1120 Preparation and Planning 5: Tax and Payments (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 for 2021. It is designed to orient the practitioner with the latest changes in the field of taxation. This is the fourth in a series on Form 1120 preparation, focusing on tax and payments. 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: September 2021
Designed For
Tax practitioners.
Topics Covered
- Regular Tax
- Tax Credits
- Other Taxes And Tax Payments
Learning Objectives
- Recognize how to compute the regular tax
- Identify tax credits
- Identify additional taxes
- Recognize how to compute the final tax bill and determine whether taxes are due or a refund is owed
- Describe correct statements about Schedule O
- Recognize requirements for purposes of claiming the credit for paid family and medical leave
- Identify correct statements for a corporation minimum credit carryforward
- Recognize 2021 tax rates
- Describe correct statements regarding a corporation paying foreign taxes
- Identify credits that will offset employment taxes in 2021
- Recognize which tax credits can only be used by small businesses
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
