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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:

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: October 14, 2018

8 Reviews (50 ratings)Reviews

4
Anonymous Author
The answer to question 5 of the final exam is incorrect because it was not updated for the 2018 change in bonus depreciation depreciation %.
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.
2
Member's Profile
This course is outdated, based on 2016 tax law. It is completely irrelevant in 2018/2019. It needs to be updated.
5
Member's Profile
Great course with excellent examples. The examples made the concepts easier to follow.
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