- NY Credits : 8.0
- TX Credits : 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
The course, 2018 Corporate Tax Update, provides an overview of various corporate income tax issues including the impact of the most recent legislation. Corporate topics include accounting periods and methods, gross income, allowable deductions, ordinary and necessary expenses, depreciation, and business tax credits. This course is comprehensive with authoritative references, examples, rules, limitations and exceptions. This course has been updated for the Tax Cuts and Jobs Act. This course is most beneficial to professionals new to corporation taxation who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to corporate taxation.
Upon successful completion of this course, the user should be able to:
identify the tax rules related to accounting periods and methods;
recognize the tax rules as they relate to business expenses;
demonstrate an understanding for depreciation and amortization rules;
determine the applicability of business tax credits; and
apply the rules for taxation of a C Corporation.