2012 Corporate Tax Returns Videocourse

This video-based course, featuring Sidney Kess and an expert panel, reviews major developments affecting 1120 and 1120S return preparation for 2012 and useful tax-planning strategies.

Objectives:

• Apply the latest changes when preparing corporate income tax returns
• Advise clients or employers on new developments and tax-saving ideas in corporate income taxation

Highlights:

• S Corporation update including salary versus S corporation distribution: bankruptcy planning for shareholders of S Corporations
• Small employer health insurance credit
• New tangible asset and repair regulations
• New developments for passive activities, debt operating losses, and corporate AMT
• New developments for corporate expenses of fringe benefits
• Section 1202 stock
• Tax tips in all areas of business planning
• IRS hot audit issues for corporate and partnership returns
• IS LLC or the S Corporation the best entity for client's new business
• Depreciation changes, including Section 179 and bonus depreciation; guidance on Section 199 deductions for domestic production activities
• The Affordable Health Care Act impact on 2012 business tax returns
• Recently enacted tax laws as well as latest IRS rulings and court decisions affecting corporate taxpayers along with numerous tax planning tips
• Developments affecting retirement plans

Prerequisite: Knowledge of corporate income taxation and Forms 1120 and 1120S preparation

Advanced Preparation: None

In this 212 minute video, Sidney Kess, CPA, J.D., LL.M, interviews Andrew J. Fair, Esq.; Vernon Hoven, CPA, MST; Sharon Kreider, CPA, EA; Sydney S. Traum, CPA, J.D., LL.M; Catherine A. Fitzpatrick, CPA, MST; Carolyn R. Turnbull, CPA, MST; Joseph W. Walloch, CPA; and Julie A. Welch, CPA, CFP.