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. TOPICS DISCUSSED • 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