2024 Form 1120 Update and Review: Preparing Corporate Income Tax Returns | Streaming
RegisterPaul La Monaca CPA, MST
Session Begins: 1:00 PM ET/12:00 PM CT/11:00 AM MT/10:00 AM PT
Session Concludes: 3:00 PM ET/2:00 PM CT/1:00 PM MT/12:00 PM PT
This course updates the seasoned and relatively new tax professional with the Federal Income Tax issues surrounding businesses that are structured as corporate entities and the filing of IRS Form 1120. The course introduces the tax professional on how to approach the preparation of the Form 1120 in a methodical, common-sense manner and the opportunity to understand the provisions of the Internal Revenue Code that are needed in order to properly prepare the corporate income tax return for tax year 2023 and beyond. The course discusses the proper manner in preparing the Schedules L, M-1 and M-2.
Upon completion of this course the Tax Professional will be able to better:
- Prepare Form 1120 with a solid base of understanding of corporate taxation. Recognize the concept of double taxation for the C-Corporation and the impact of the distributions to shareholders of the Corporation in the form of dividends, return of capital and capital gains.
- Understand the purpose of the corporate forms.
- Grasp the importance of the Schedule L Balance Sheet and the Reconciliation of Book to Tax Income on the Schedule M-1 as well as the Reconciliation of Retained Earnings on the Schedule M-2.
- Understand changes introduced in any current legislation impacting C-Corporations.
- How do I get my member discount?
To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.
- Will I receive a email confirmation?
Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.
- I did not receive an email?
Check your SPAM folder for the email. To prevent SPAM filters from blocking our emails please add taxes@nstp.org to your address book or safe senders list. For more information, click How to Whitelist an Email Address or Email Whitelist Instructions
- Do you handle the IRS CPE Reporting?
Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.
- When and how will I receive my certificate of completion?
Your certificate will be emailed to you within 10 business days of the completion of the course.
FAQs
Administration: Streaming
Streaming Refunds
- Once your registration confirmation is emailed, due to the proprietary materials and content of Streaming orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Streaming Disclaimer
- Streaming materials and Streaming presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Streaming materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
Testing Policy
- Streaming require a test for CE. 3 attempts are allowed.
- For AFTR courses, the test must be passed by midnight, December 31, 2024.
More Information
For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.
