PCTR
PREPARING CORPORATE TAX RETURNS
FOR NEW STAFF AND PARA-PROFESSIONALS
The objective of this
course is to train new staff accountants, data processing employees, para-professionals,
and bookkeepers to prepare a complicated federal corporate income tax
return. It is a hands-on, practical course in filling out most tax forms,
with extra emphasis on form changes due to new tax law.
Major topics include:
- Preparation of
a complicated Form 1120 U.S. corporate income tax return
- Fifteen M-1 adjustments
in reconciling from book to tax
- How to practically
handle uniform capitalization and inventory accounting for a small manufacturing
concern
- New tax-planning
strategies for depreciation deductions, including §179 and bonus depreciation
allowances
- Methods of accounting
-- Application and choices
- In-depth analysis
of Form 4797 dealing with depreciation recapture
- Deductible expenses
-- A "laundry list" including rules on meals and entertainment
- Computation of
tax liability, including alternative minimum tax
- What about M-3?
- And much more
Designed
for: New
staff and para-professionals involved in return preparation.
Level
of knowledge: Basic
Field
of study: Taxes
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