This video-based course, featuring Sidney Kess and an expert panel, reviews major developments affecting corporate return preparation for 2014 and useful tax-planning strategies.
S Corporation qualifications and election
C Corporation IRC Section 1244 Stock
Cash and accrual accounting methods
Revenue recognition methods
Expensing versus capitalization rules
Dividends, interest, and other income
Employee benefit and retirement plans
Net operating losses
Passive activities and at-risk limitations
PPACA: Net Investment Income Tax; Medicare Tax
Tax return disclosures
Sale of properties
Other taxes: AMT, accumulated earnings tax, personal holding
Tax payments and penalties
When you complete this course you will be able to:
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 S Corporation shareholder-employees.
Analyze the best retirement plan recommend for a corporation.
Recognize economic performance, including issues and deduction limitations related to bad debts, rent, tax, and interest expense.
Determine the availability of tax credits and other entitlements related to retirement plans for a corporation.
Accurately apply financial turmoil and bankruptcy rules.
Who Will Benefit?
Tax return preparers and business/industry
Accountants working on or preparing corporate tax issues or returns
Prerequisite: Knowledge of corporate income taxation and Form 1120 preparation
Advanced Preparation: None
PFS Holders/PFP Section Members Save – 20%
When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Should you have any questions or encounter any difficulties, please contact the AICPA Service Center at 888-777-7077 or firstname.lastname@example.org.
Tax Section Members Save – 20%
When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or email@example.com.
In this 213 minute video: Sidney Kess, CPA, J.D., LL.M, interviews Vernon Hoven, CPA, EA, MST, CSP; Sharon Kreider, CPA, EA; Joseph W. Walloch, CPA, CGMA, MBA, MBT; Julie A. Welch, CPA, PFS, CFP; Andrew Fair Esq. JD; Katherine Fitzpatrick, CPA, MST; William Harden, Ph.D., CPA, ChFC; Sidney Traum, JD; and Christopher Williams