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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
  • Tax treatment of capital gains and losses
  • Sec. 1231 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

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

  • Recognize how to compute corporate taxable income
  • 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
  • Identify how to amortize organization and start-up costs
  • Recognize how to maximize the charitable contribution deduction
  • Explore the importance of the dividends received deduction

 

 

Last updated/reviewed: April 28, 2018

5 Reviews (36 ratings)Reviews

4
Anonymous Author
Great overview with good examples to reinforce understanding. It would help if it could be shown how answers to the final exam are derived.
4
Member's Profile
I liked how short this course was, but Cherie covered the important points. I also liked how it was broken up into separate videos.
3
Member's Profile
Useful discussions about various items treatment for corporate taxes.
5
Member's Profile
It was to the point and comprehensive with practical examples
5
Member's Profile
challenging

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course.

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
  11:14The Overview
Corporate Taxable Income
  11:18Property Dispositions
  9:43Example
  7:28Cost Recovery Deductions
  3:09Amortization Expense
  7:30Charitable Contributions
  9:52Dividends Received Deduction
CONCLUSION
  6:22Net Operating Losses
Continuous Play
  1:08:31Tax Minimization Strategies When Computing Corporate Taxable Income
SUPPORTING MATERIALS
  PDFSlides: Tax Minimization Strategies When Computing Corporate Taxable Income
  PDFTax Minimization Strategies When Computing Corporate Taxable Income Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM