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Date/Time
Date(s) - 06/22/2018 - 06/23/2018
9:00 am - 5:00 pm


Corporate Tax Preparation Class

Are you happy with your current tax season profits?

Did you know that Corporate Taxes can triplicate your income with the same or less effort? And that it only takes offering your clients with multiple strategies to save tax money for their businesses?

Why you should start offering this service now?

  • Attract more clients

  • Triplicate your income

  • Less audits (only 0.4% in 2016, Schedule C were audited 13.7%)

  • Better client retention

  • Less Competition

  • Year round potential income.

Topics Covered:

General

  • Accounting basic concept – review, including Balance sheet and Profit and Loss reports.
  • IRS Rules for Business, general explanation. Documents needed to preparer business returns. Check list sheet.
  • Incorporation process, applying for EIN – Legal Aspects of Corporations

C Corporation

  • Form 1120, general instructions and:
    • Business activity code, Extension of Time to File, Where to File, Penalties, Filing Requirements and Deadline, Amended Returns.
    • Estimated Taxes, Depositing Taxes.
    • Stocks, Fringe benefits, Rents and Royalty Payments, Loans
    • C vs. S Corporations
    • Income and Expenses of a Corporation, Dividends Received Deduction
    • Corporation Net Operating Loss (NOL)
    • Shareholder wages, Distribution to Shareholders
    • Dividends, Constructive Dividends (Taxable Distributions)
    • Earnings and Profits, Entity Classification Election
    • Personal Service Corporation and Personal Holding Companies
  • PRACTICE

S Corporation

  • Form 1120S, general Instructions and:
    • S Corporation Advantages/Disadvantages
    • Filing Deadline, Extensions
    • Taxation Summary – Corporations and Partnerships
    • Amended Form 1120S
    • Filing requirements
    • Basic of S Corporations: Formation, Qualifications, Form 2553, Election by a Small Business Corporation, Relief for late S Corporation Elections
    • Termination of S Corporation status
    • Income and Expenses
    • Flow-Trough to S Corporation Shareholders; Shareholder basis
    • Distributions
    • S Corporation Taxes
    • Employee Business Expense for S Corporation Shareholder
    • Reasonable Compensation to Shareholder Employee
    • Fringe Benefits to Shareholders
  • PRACTICE

Partnerships and LLCs

  • Partnership Advantage/Disadvantages 
  • Filing Requirements and Deadline, Extensions 
  • Form 1065, general instructions and: 
    • Amended returns
    • Partnerships: Husband/Wife, Family
    • Partnership Income and Expenses
    • Basis of Partners
    • Partnerships Distributions
    • Termination a Partnership
  • Limited Liability Companies (LLCs) 
  • PRACTICE 

Register to this Course:

Registration below

Ticket Type Price Spaces
Early Bird until April 30 (Regular price is $499) $399.00