Computing Corporate Taxable Income

This course covers the computation of corporate taxable income, including:

• The corporate tax formula
• Accounting period and methods
• What is included in income and limitations on business deductions
• Tax treatment of gains and losses on the disposition of business assets,
  • Sec. 1231, Sec. 1245, and Sec. 291 Gains
• Cost Recovery deductions, including immediate expensing and bonus depreciation
• Amortization of organization and start-up costs
• Charitable Contribution deduction
• Dividends Received Deduction
• Net Operating Loss Deduction