This comprehensive course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C Corporations and S Corporations.
Learning Objectives
Identify the benefits of forming a corporation
Apply the rules for transfer of assets and liabilities to a new corporation
Review the accounting methods available to a corporation
Understand reasonable compensation issues with respect to a C Corporation and to S Corporation shareholder-employees
Analyze the best retirement plan recommend for a corporation
Accurately apply financial turmoil and bankruptcy rules
Recognize economic performance, including issues and deductionlimitations related to bad debts, rent, tax, and interest expenseDetermine the availability of tax credits and other entitlements related to retirement plans for a corporation
Major Topics
Formation of corporation and Section 1244 stock Income: dividends, interest, rentals, capital gains Salaries, employee benefits and retirement plan Economic performance and other deductions Net operating losses Personal Service Corporations Tax rates, AMT, and tax credits Case studies for tax return preparation
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Tax
CPE Field of Study
Taxes
4
Who Should Attend
Tax professionals in public accounting: seniors, supervisors, and managers
