Udemy

Platform

English

Language

Taxes

Category

C Corporation Income Tax (Form 1120)

Learn to enter tax data for a C Corporation into tax Form 1020 from a CPA

4.85 (47 reviews)

11362

Students

5.5 hours

Content

Dec 2019

Last Update
$119.99
Regular Price


What you will learn

How to enter tax data for an C Corporation into Form 1120

How to use tax software to input a Form 1120

How to use an Excel worksheet to support tax data input for a C Corporation tax return Form 1120

How to enter and track M-1 adjustments


Description

This course currently consists of a comprehensive problem showing the data input process of a C Corporation into tax Form 1120.

This course will put together a systematic format of entering data into a Form 1120 that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.

We will enter each M-1 adjustment individually into both the tax return and an Excel worksheet so that we fully understand how M-1 adjustments function.

We will start by reviewing the data for the comprehensive problem.

Then we will enter the data into an Excel worksheet that will be used to help us organize the information.

We will be using Lacerte Tax software to enter the tax data into Form 1120. However, we will also provide PDF files of the tax forms so learners can enter the data directly into the tax forms as we go. The tax forms can also be found on the IRS website.

The course will demonstrate how to enter the data into the tax forms in stages to reduce potential mistakes and to identify mistakes as they happen so they can be fixed as easily as possible.

We will start the data input with the balance sheet.

Then we will enter the income statement as it is formatted in the adjusted trial balance.

Next, we will systematically go through the M-1 adjustments. We will isolate these adjustments, reviewing them on the tax forms, in the software, and using our Excel worksheet.

We will then review the tax forms.


Screenshots

C Corporation Income Tax (Form 1120)
C Corporation Income Tax (Form 1120)
C Corporation Income Tax (Form 1120)
C Corporation Income Tax (Form 1120)

Content

Introduction

Introduction

Comprehensive Problem

Documents To Download

Comp 1 C Corporation Comprehensive Problem Part 1 Review Data

Comp 2 C Corporation Comprehensive Problem Part 2 Excel Worksheet

Comp 3 C Corporation Comprehensive Problem Part 3 Review Tax Return

Comp 4 C Corporation Comprehensive Problem Part 4 Enter Beginning Balances

Comp 5 C Corporation Comprehensive Problem Part 5 Depreciation

Comp 6 C Corporation Comprehensive Problem Part 6 Balance Sheet

Comp 7 C Corporation Comprehensive Problem Part 7 Income Statement

Comp 8 C Corporation Comprehensive Problem Part 8 Retained Earning Reconciliatio

Comp 9 C Corporation Comprehensive Problem Part 9 Book Depreciation Adjusting En

Comp 10 C Corporation Comprehensive Problem Part 10 M-1 Depreciation

Comp 11 C Corporation Comprehensive Problem Part 11 M-1 Sale of Equipment

Comp 12 C Corporation Comprehensive Problem Part 12 M-1 Federal Income Tax

Comp 13 C Corporation Comprehensive Problem Part 13 Depreciation Fix Error

Comp 14 C Corporation Comprehensive Problem Part 14 M-1 Meals

Comp 15 C Corporation Comprehensive Problem Part 15 M-1 Bad Debt

Comp 16 C Corporation Comprehensive Problem Part 16 M-1 Tax Exempt Interest

Comp 17 C Corporation Comprehensive Problem Part 17 Sch. C Dividends

Comp 18 C Corporation Comprehensive Problem Part 18 Sch. D Capital Gain

Comp 19 C Corporation Comprehensive Problem Part 19 Capital Loss Carryover

Comp 20 C Corporation Comprehensive Problem Part 20 Officer Compensation

Comp 21 C Corporation Comprehensive Problem Part 21 Interest Income Adjustment

Comp 22 C Corporation Comprehensive Problem Part 22 Cost Of Goods Sold

Comp 23 C Corporation Comprehensive Problem Part 23 Estimated Payments

Comp 24 C Corporation Comprehensive Problem Part 24 Review & Diagnostics



Reviews

G
Gerald10 February 2020

I love the course and the instructor. Preparing a C Corp tax return is tough but this course makes it a lot easier than before. I have my own practice in my accounting business. I work with small businesses and only a few are C Corps. I can do C Corps, S Corps, partnerships, and LLCs now. I can do many business tax returns now.

M
Malcolm24 January 2020

Course was a good example of a methodology for actually working with the tax return and reconciliations.



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2726536

Udemy ID

12/28/2019

Course created date

12/31/2019

Course Indexed date
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