Tax Minimization Strategies When Computing Corporate Tax Exp

This course covers the computation of corporate taxable expense.

What you'll learn

Explore the compliance issues relating to the filing of a corporate tax return, including the requirement to reconcile financial and taxable income on Schedule M-1

Explore how to compute corporate estimated tax payments

Recognize 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 rate

Recognize the importance of the Domestic Production Activities Deduction

Recognize the importance of the various Business Tax Credits

Requirements

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Description

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

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Form 1120 Overview

Lecture 3 Form 1120 Continued

Lecture 4 Computing the Effective Tax Rate

Lecture 5 Major Business Tax Credits

Lecture 6 Major Business Tax Credits Continued

Lecture 7 Other Tax Credits

Lecture 8 Other Tax Credits Continued

Lecture 9 Health Insurance Tax Credit for Small Employers

Section 2: Supporting Materials

Lecture 10 Slides: Tax Minimization Strategies When Computing Corporate Tax Expense

Lecture 11 Tax Minimization Strategies When Computing Corporate Tax Expense Glossary/Index

Section 3: Review and Test

Anyone interested in Finance, accounting or related fields.