Lambers Business Tax Preparation Basics

Lambers Business Tax Preparation Basics

$199.00

While many tax preparers focus on preparing individual returns, there will be a time when a client will ask to…

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Online

While many tax preparers focus on preparing individual returns, there will be a time when a client will ask to have a return filed for business. Don’t get caught flat-footed when that happens! The Lambers 3.5 hour Business Tax Preparation Basics course will have you familiar with the tax treatment of the different business entities you may encounter in business tax preparation. Included in the course are online video lessons from Professor Arthur Reed, MBA, CPA, MST, a tax guide with definitions and examples, and many of the forms and publications you will need in business tax preparation.

Video Courseware Sample Clip

This course covers these topics for preparing business returns:

C Corporations

Nature and Characteristics, Formation – Contributions of Property, Taxation of a Corporation, Other Various Corporate Differences, Dealings Between the Shareholders and Corporation, Reconciliation of Income Per Books with Income Per Return (Schedule M-1), Analysis of Unappropriated Retained Earnings (Schedule M-2), Net Income Reconciliation for Corporations With Total Assets Of $10 Million Or More (Schedule M-3), Form 1120, Schedule L (Form 1120)

Tax Computation & Controlled Groups

Computation of Corporate Tax Liability and Credits, Alternative Minimum Tax, Computation of Tax Credits, Estimated Income Tax Payments, Controlled Groups, Consolidated Returns, Uncertain Tax Positions, Schedule J (Form 1120)

Corporate Distributions and Other Matters

Non-Liquidating Distributions to Shareholders, Liquidating Distributions to Shareholders, Reorganizations, Various Types of Reorganization, Personal Holding Companies, Accumulated Earnings Tax

S Corporations

S Corporations, Operations of the S Corporation and Basis Computations, Corporation Taxes, Form 1120s, Schedule K-1 (Form 1120s)

Partnerships

Nature and Characteristics, Form 1065, Formation – Contributions of Property, Operations of the Partnership and Basis Computations, Dealings between the Partners and Partnership, Sale or Exchange of a Partnership Interest, Distributions to Partners, Termination of a Partnership