1120 Preparation and Planning 4: Deductions-Part 2 (2020 Edition)
Author: Barbara Weltman, Sidney Kess
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
This on-demand course provides a refresher on the preparation of corporate income tax returns. It is designed to orient the practitioner with the latest changes in the field of taxation. This is the fourth in a series on Form 1120 preparation, focusing on deductions.
This is the fourth in a series of courses on Form 1120 preparation. All of the courses in this series have been fully updated to reflect recent legislative changes. This courses focuses on deductions and will provide participants with a solid foundation in preparing corporate income tax returns.
Presented by Miles Hutchinson.
Publication Date: September 2019
Designed For
Tax practitioners.
Topics Covered
- Advertising Retirement plans and employee benefits
- Retirement Plans and Employee Benefits
- Other Deductions
- Net Operating Loss
Learning Objectives
- Determine contribution limits for qualified retirement plans
- List health care options that employers can offer
- List tax-free fringe benefits
- Determine how to figure the net operating loss deduction
- Identify what can be deducted
- Recognize which employee benefits are subject to FICA
- Recognize when the 50% limit on the deduction for meals applies
- Describe what "other deductions" include
- Identify correct statements with respect to fringe benefits
- Identify correct statements with respect to medical coverage
- Recognize how NOLs are recognized
- Describe QSEHRA requirements
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
