C Corporation Income Tax (Form 1120)

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

4.58 (152 reviews)
Udemy
platform
English
language
Taxes
category
22,285
students
5.5 hours
content
Dec 2019
last update
$109.99
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.

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

Screenshots

C Corporation Income Tax (Form 1120) - Screenshot_01C Corporation Income Tax (Form 1120) - Screenshot_02C Corporation Income Tax (Form 1120) - Screenshot_03C Corporation Income Tax (Form 1120) - Screenshot_04

Reviews

Azam
October 10, 2022
Absolutely amazing! The complicated course is made so easy to understand by the creator. Really appreciated.
Chirag
February 22, 2022
The course is practical training on the subject. It will equip the user with practical knowledge and tools to go out and start performing. The language is easy. Content covered is reasonable. What more it actually teaches best practices.
Rey
July 24, 2021
Very informative regarding this course an in income and business taxation. It,s good who wants to start a start-up a new business, atleast we have an idea and we can apply to our work as well.
Gerald
February 10, 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.
Malcolm
January 24, 2020
Course was a good example of a methodology for actually working with the tax return and reconciliations.

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Related Topics

2726536
udemy ID
12/28/2019
course created date
12/31/2019
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