- NY Credits : 4.0
- TX Credits : 4.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 4.0
Form 1120 - Gross Income
Upon successful completion of Form 1120 - Gross Income, the user should be able to:
identify the rules and restrictions applicable to the different methods of accounting for gross receipts-sales for income tax purposes;
calculate the dividends-received deduction; and
properly report interest income, rental income, and other income on Form 1120; as well as apply the passive activity and at-risk rules to a corporation.