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This course covers the computation of corporate taxable expense, including corporate tax compliance issues and the computation of the corporate tax expense.

We also look at items that may reduce the effective tax rate including Domestic Production Activities Deduction and various business tax credits.

Course Series

This course is included in the following series:

3 CoursesTax Minimization Strategies

  1. Tax Minimization Strategies When Computing Corporate Taxable Income
  2. Tax Minimization Strategies When Computing Corporate Tax Expense
  3. Tax Minimization Strategies When Computing Corporate Alternative Minimum Tax (AMT)

Learning Objectives

  • Explore the compliance issues relating to the filing of a corporate tax return, including the requirement to reconcile financial and taxable income on Schedule M-1
  • Explore how to compute corporate estimated tax payments
  • Recognize the importance of the Effective Tax Rate versus the Statutory Tax Rate and what strategies can be employed to reduce the effective tax rate below the statutory tax rate
  • Recognize the importance of the Domestic Production Activities Deduction
  • Recognize the importance of the various Business Tax Credits
Last updated/reviewed: April 28, 2018

6 Reviews (37 ratings)Reviews

4
Member's Profile
One of the Review Questions still says the extended filing due date is September 15th rather than October 15th ... not sure if that is something you would update.
5
Anonymous Author
This course is packed with useful information on tax credits.
5
Member's Profile
Really good. great overview on the healthcare issues.
4
Member's Profile
Need more study time to really review various credits
4
Anonymous Author
Great course on corporate taxes.
4
Anonymous Author
Very knowledgeable!

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed 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
Form 1120
  9:28Form 1120 Overview
  13:16Form 1120 Continued
  13:05Computing the Effective Tax Rate
Tax Credits
  11:06Major Business Tax Credits
  8:45Major Business Tax Credits Continued
  10:49Other Tax Credits
  8:08Other Tax Credits Continued
CONCLUSION
  12:00Health Insurance Tax Credit for Small Employers
Continuous Play
  1:27:47Tax Minimization Strategies When Computing Corporate Tax Expense
SUPPORTING MATERIALS
  PDFSlides: Tax Minimization Strategies When Computing Corporate Tax Expense
  PDFTax Minimization Strategies When Computing Corporate Tax Expense Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM