This course will address the new tax laws related to business returns and is designed to assist the tax practitioner in preparing Forms 1065 and 1120-s, along with other related forms and schedules.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
Objectives
Upon completion of this course, you will be able to:
- Gain a working knowledge of the federal taxation and the tax return preparation process for business.
- Enable neophyte practitioners to see the "big picture" for tax return prep.
- Apply key tax return concepts.
Highlights
- Schedule C business income.
- Meals and entertainment deductions.
- Schedule SE self-employment income.
- Tax depreciation and expensing.
- Sale of business assets and depreciation recapture.
- Partnerships and Form 1065.
- S Corporations and Form 1120-S.
- Deducting business losses and Form 461