From Trial Balance to Tax Return: A Boot Camp for Business Returns
Several years ago, TaxSpeaker's President, Bob Jennings began recognizing the lack of younger faces in live crownds around the country. He attributed it to one major problem: the failure of today's university accounting programs to properly educate students that 50% of the US economy is driven by small business while training students exclusively for "Big 4" employment as, essentially, taxpayer-funded Big 4 training programs.
Lecture presentation plus power point slides. This course is designed to instruct the student how to take a completed trial balance, determine missing items and additional basic needs to prepare Form 1120, 1120S or 1065. It will address adjusting entries, book-to-tax adjustments and taxable versus non-taxable items. It will then explain how to enter the information on the tax forms, while illustrating completed forms and individual specific requirements of each filing format. It will also explain flow-through item concepts, basis and capital accounts.
Upon completion of this course, the student will be able to complete a basis business tax return for a corporation or flow through entityLevel : Basic
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