- NY Credits : 5.0
- TX Credits : 5.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 5.0
This course covers the latest in tax legislation, regulations, and rules as they affect corporations including tax legislation covered by the Tax Cuts and Jobs Act of 2017. Chapter 1 reviews corporate income taxes, net operating loss provisions, and tax credits. Chapter 2 discusses distributions and capital gains and losses. Chapter 3 covers depreciation and amortization. Finally, chapter 4 reviews several business deductions. This update course provides a general review of new developments in corporate taxation. This course is most appropriate for the professional with a background in this topic who is interested in keeping current in this area.
Upon successful completion of this course, the user should be able to:
recognize corporate income taxes, NOLs, and tax credits;
identify the tax treatment of corporate distributions and capital gains;
recognize how to depreciate and amortize corporate assets; and
identify selected business deductions for corporations.