- NY Credits : 10.0
- TX Credits : 10.0
- CTEC Credits : Federal Tax Law Update - 10.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 10.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 10.0
RIA's 2018 Federal Tax Review Course Module 2 (QZN185)
RIA’s Federal Tax Review Course Module 2 is a general refresher course in Federal taxation of businesses. It is designed to reinforce basic tax law interpretations while keeping practitioners up to date on the latest and most important changes. The course has been updated to reflect the 2017 retroactive provisions of the Tax Cuts and Jobs Act of 2017.
Course Expiration Date: November 30, 2018
Distinguish among the basic forms of business organizations.
Classify business entities under the “check-the-box” regulations.
Identify accounting periods and methods and when an entity can freely choose its tax year.
Describe the tax rules governing accounting for inventories.
Distinguish between ordinary and necessary business expenses and capital expenses.
Identify expenses required to be inventoried or capitalized under the uniform capitalization rules.
Delineate the tax treatment of business start-up and organization expenses.
Recognize when payments, awards and reimbursement to employees qualify for deductions.
Determine when and how to claim deductions for business rent, interest, taxes, charitable contributions, and other payments.
List the special tax rules governing travel and entertainment expenses.
Apply the deduction for manufacturing/production activities.
Discuss depreciation rules and the related available deductions.
Apply the income limitations and other restrictions on the Section 179 expensing allowance.
Recognize the restrictions on deductions for listed property.
Identify property subject to amortization and depletion.
Explain the operation of the general business credit.
Apply the requirements for business tax credits.
Identify dividends eligible for the dividends-received deduction and estimated tax payments for corporations.
Determine when a corporation is subject to the personal holding company tax, accumulated earnings tax, and corporate alternative minimum tax.
Determine the tax consequences of incorporating a business.
Identify stock redemptions that are considered dividend distributions and those that are considered sales or exchanges, and the tax treatment of shareholders and corporations when there is a complete or partial liquidation.
Identify the different types of corporate reorganizations.
Determine the eligibility of a corporation to elect S corporation status.
Demonstrate an understanding of the tax treatment of an S corporation and its shareholders.
Determine the tax treatment of contributions to a partnership.
Recognize how partnership income and deductions are treated for tax purposed by the partnership and the individual partners.
Forms of Business Organization
Depreciation and Amortization
Business Tax Credits
Taxation of C Corporations