Form 1120 Return Preparation (LITX34/24)
Introduction to all forms that will be required to comply with requirement for filing a federal income tax return for a “regular” or “C” corporation. Recognize when a special form is required. Emphasis on what’s new or different from prior years.
All CPAs, EAs, Attorneys, and their associates and assistants who will provide tax advice and compliance service to ‘C’ corporations and their shareholders.
Efficient preparation of forms required for tax compliance and to avoid penalties. Know how and when to disclose a transaction. Understand need to segregate corporation’s business from shareholders. How to account for distributions in shareholder’s return.
Content of Form 1120 and any disclosures required to be attached. Special attention to information required for participation in a listed transaction. Type and form of required attachments.