1120 Preparation and Planning 5: Tax and Payments (2023 Edition) (Currently Unavailable)
Author: Barbara Weltman, Sidney Kess, Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
This 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 2022
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
- Identify the type of income that is figured by subtracting the total of the net operating loss and the special deductions from the tentative taxable income
- Identify the regular income tax flat rate
- Identify the form used to claim the foreign tax credit
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
