Not currently accepting new students
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:
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: November 28, 2019
8 Reviews (51 ratings)Reviews
Anonymous
(YouTube Revenue Controller)
The answer to question 5 of the final exam is incorrect because it was not updated for the 2018 change in bonus depreciation depreciation %.
Anonymous
(Consultant)
Great overview with good examples to reinforce understanding. It would help if it could be shown how answers to the final exam are derived.
Amanda Schmitt
(Tax Staff at EKS&H)
I liked how short this course was, but Cherie covered the important points. I also liked how it was broken up into separate videos.
Bennett Harris, CPA
(Sr. Decision Support analyst at Dignity Health)
This course is outdated, based on 2016 tax law. It is completely irrelevant in 2018/2019. It needs to be updated.
Don Myers
(Finance & Operations Executive at -)
Great course with excellent examples. The examples made the concepts easier to follow.
Kirit Kapadia
( at Kirit KapadiaCPA)
Useful discussions about various items treatment for corporate taxes.
Qasim Mahmood, CPA, CFE, CIA..
(Consultant at Clark Schaefer Consulting LLC)
It was to the point and comprehensive with practical examples
Patrick Burke
(Senior Audit Consultant at Carnival)
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 .