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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

Learning Objectives

  • Explore how to compute corporate taxable income including which deductions have been repealed/reduced in tax years 2018 and beyond
  • Explore tax minimization strategies regarding the sale and disposition of business assets
  • Explore how to minimize taxable income through the acquisition of business assets eligible for immediate expensing and bonus depreciation
  • Explore how to amortize organization and start-up costs
  • Explore how to maximize the charitable contribution deduction
  • Explore how to compute the dividends received deduction
  • Explore how to compute the Net Operating Loss carryforward
Last updated/reviewed: January 9, 2019

1 Review (8 ratings)Reviews

5
Anonymous Author
good one, I did learn new information, I didnt know before

Prerequisites

Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:37Introduction to Computing Corporate Taxable Income After 2017
  15:01Overview of Corporate Taxable Income
  9:40Overview of Corporate Taxable Income Continued...
  11:11Property Dispositions
  11:36Property Dispositions Continued...
  10:41Cost Recovery Deductions
  4:07Amortization Expense
  10:36Charitable Contributions
  13:05Dividends Received Deduction
  5:12Net Operating Losses and Conclusion
CONTINUOUS PLAY
  1:33:44Computing Corporate Taxable Income After 2017 Full Video
SUPPORTING MATERIALS
  PDFSlides: Computing Corporate Taxable Income After 2017
  PDFComputing Corporate Taxable Income After 2017 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM