Overview

This course covers the computation of corporate taxable expense, including corporate tax compliance issues and the computation of the corporate tax expense.We also look at items that may reduce the effective tax rate including Domestic Production Activities Deduction and various business tax credits.Learning ObjectivesExplore the compliance issues relating to the filing of a corporate tax return, including the requirement to reconcile financial and taxable income on Schedule M-1Explore how to compute corporate estimated tax paymentsRecognize the importance of the Effective Tax Rate versus the Statutory Tax Rate and what strategies can be employed to reduce the effective tax rate below the statutory tax rateRecognize the importance of the Domestic Production Activities DeductionRecognize the importance of the various Business Tax Credits

Skills

Reviews