Course ID: STSB

Streamlined Tax Staff Training – Business

From books to tax return . . . that’s the mission. But, how to get started, how to identify and keep track of different reporting for different types of entities . . . how to keep track of book/tax differences* How different is the Form 1065 from the Form 1120S? Those questions and more will be answered in this information packed day.


LEARNING OBJECTIVES
  • Identify differences in how information is presented in income tax returns of various business entities
  • Prepare and post tax and closing entries
  • Efficiently prepare Forms 1065, 1120S, and 1120
  • Prepare various common supporting Forms, such as Form 4797 reporting sales of property
  • Recognize tax planning concepts and develop efficient tax research techniques

MAJOR TOPICS
  • Preparation of business Income tax returns from client maintained records such as “Quickbooks” or “Peachtree” or from an old fashioned “trial balance”
  • Accounts that must be analyzed for proper tax reporting
  • Critical disclosures that may be required in business returns
  • How Information is reported differently in Forms 1065, 1120, and 1120S

DESIGNED FOR
Tax staff making the move up from preparing individual Forms 1040 to preparing business income tax returns

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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