Form 1120 is used by companies as a streamlined way to determine income tax liability, profits, losses, deductions & credits. In this live webcast, produced by the Knowledge Group, a panel of tax form experts will lead a comprehensive discussion of the most critical elements of preparing the form from a CPA’s and tax attorney’s perspective.
Some of the major topics that will be covered in this course are:
- Line-by-line walk through of the fundamentals including overview & instructions
- Proposed Form 1120-IC-DISC, Schedules K and P
- Your responsibilities as a preparer
- Penalties, delinquent, unfiled Returns
- Accounting methodologies
- How, what, and when to file
- Up-to-the-minute regulatory updates
- Legal issues
- Risk management
- Recent developments in the preparation of Form 1120 and its ancillary schedules
- Live interactive audience question and answer session
Form 1120: Explored LIVE Webcast is a must-attend webcast for CPAs, and Attorneys involved in preparing tax returns . This program was designed to give you a solid background in the fundamentals of working with form 1120. Attend this webcast and you will be able to complete this form with ease and confidence bringing significant value to your clients and as an added bonus, you will be in-the-know in terms of what changes are on the horizon for the form. Join this live webcast by selecting “Register” below. Advanced registration is recommended as space is limited.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 093936
Stephen E. Ehrlich, CPA, JD, LLM
Senior Tax Manager
William P. Elliott, CPA,. ABV/CVA, J.D.,LL.M.
Partner and Firm Director of International Tax
Carolyn Reed Turnbull, CPA, MST
Associate Member, Director of Tax
Stephen E. Ehrlich, Senior Tax Manager, KPMG LLP
- Accounting Periods / Accounting Methods
- Basic Computation of Taxable Income, AMTI
- Net Operating Loss Carryforwards & Carrybacks
- Statutes of Limitations
- Filing Consolidated Returns
Carolyn Reed Turnbull, CPA, MST, Associate Member, Director of Tax, Moore Stephens Tiller LLC
- Related party schedule rulesWilliam P. Elliott, CPA,. ABV/CVA, J.D.,LL.M., Partner and Firm Director of International Tax, Cherry, Bekaert & Holland, L.L.P.
- Foreign/International side - Thoughts on 1120
- Schedule N and 1120 N
- Foreign tax credits
- Quick Mention of Forms, accruals
- 382, built in gains>
- CPA Firms
- Tax Preparers
- Enrolled Agents
- Tax Attorneys
- Tax Consultants
- Tax Professionals at Corporations
This is a must attend event for anyone interested in knowing how to prepare and file Form 1120
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A