Advance Your Career with Our Expert-Led Corporate Tax Course
Bookkeeping | LLC | Sole Proprietorship | Partnerships | Qualified Joint Venture | C-Corp | S-Corp
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Have you been wondering how you can increase your revenue during tax season?
Do you want to do more than preparing simple 1040 forms?
Corporate taxation is a lucrative and specialized area of tax practice. With businesses constantly seeking ways to reduce their tax burden, there is a growing demand for skilled corporate tax preparers. By enrolling in this course, you position yourself as an expert in a high-demand field, offering services that can significantly impact your clients' financial health.
In this course you will learn line-by-line:
• What is in a partnership and how it is started.
• How to form a corporation.
• The difference between Schedule C and S-Corporation.
• How to fill out forms 1120, 1120s, and 1065.
• and more!
Added bonus for Level I: Receive our Bookkeeping Basics course for FREE on day 1.
TOPICS COVERED
LEVEL I
Bookkeeping Basics
Every tax preparer and accountant somewhere along the lines needs to have a fundamental basic understanding of bookkeeping in order to ensure they are using the correct numbers when preparing a tax return or otherwise presenting financial information to their client. Unfortunately, clients are often underprepared and unable to complete this task successfully on their own due to the inherent complexities. This 6-part course will take you through 6 main elements of bookkeeping and accounting basics so you are able to have the confidence the information is properly assembled and accurate. This is also a great course to have anyone assisting you in this capacity attend, in order to have the best chance of providing accurate financial information.
Value of $658.13
LLC, Sole Proprietorship, Partnerships, Qualified Joint Ventures
What is in a partnership and how it is started? Day 2 will cover the capital account, why a General Partnership agreement is important, UPE and Section 199A. There will also be a line by line review with real examples of Form 1065, Form K-1, and the General Partnership Agreement. This day will also cover the advantages, disadvantages, and which clients will benefit in becoming an LLC.
Value of $438.90
C-Corporations
How do you form a corporation? This day will cover forming a corporation, business entities, advantages, disadvantages, ownership, structure and taxation. There will be a line by line review of Form 1120 with an example of filling it out directly on tax software. An explanation of dissolving or canceling a corporation, and fees or penalties will be covered during day 3.
Value of $438.90
S-Corporations
What's the difference between Schedule C and S-Corporation? On this day you will learn advantages and disadvantages of becoming an S-Corporation, corporate structure, need for reasonable compensation, allocation of income, and tax savings. There will be examples of converting clients and a line by line review Form 1120S and Form K-1. You will have a class exercise on Shareholder basis and filling out form 2553. This will help you understand Shareholder’s stock basis and what causes it to adjust. We will cover an overview of form 2553, how to correctly filling out the S-Election form, and file late S-election.
Value of $438.90
Total Value - $1,974.83
Register Today for Only $922.26!
Register NowLEVEL II ( Advanced - Must complete level I )
C-Corporations
Level two will advance C corporations issues and treatment. We will cover issues on paying income tax liability and estimated payments. We will also take a closer look into different issues affecting Net Operating Losses. Schedules C, J, K, L, M-1 and M-2 will be covered line by line.
Value of $493.82
Partnerships
This day will focus on complex and mixed partnerships, we will discuss the implications of selling partnership assets both for gains and losses; we will see in detail Guaranteed Payments for both Service and Capital. We will review all forms referred to on form 1065, including the new forms K2 and K3. We will also prepare a tax return based on the sample financial statements using Drake Software for a partnership and one partner’s personal return to demonstrate the use of UPE.
Value of $493.82
S-Corporations
We will take our level I example and introduce more complex issues surrounding S corporations shareholders, their reasonable salary and K1 income, and how distributions as taxed. We will determine the ordering rules for basis adjustments, compute the shareholder's stock basis, and recognize the difference between taxable and nontaxable fringe benefits for S corporations.
Value of $493.82
Total Value - $1,481.46
Register Today for Only $922.26!
Register NowMeet Your Instructors "El Trio"
Pascual Garcia, EA
CEO
Golden Crown Tax Service
Pascual Garcia is the founder of Hayward Bay Investments Corporation dba Golden Crown Professional Services. Pascual was born in Hayward, California. His father, an immigrant from Jalisco, Mexico and his Mother from Puerto Rico, his mentors and number one example of hard work and perseverance. Raised in the family restaurant business empowered him to pursue his studies in Business and accounting. Pascual also holds a Black Belt in Martial Arts which has helped him in his personal and business achievements by karate chopping his way through tough obstacle. Pascual is an Enrolled Agent and Real Estate Broker. He has been practicing for over 27 years preparing individual and corporate tax returns.
Ricardo Rivas, EA
CEO
RVR Taxes Corporation
Ricardo Rivas has been an enrolled agent since 1996 after he had worked in the tax profession for over ten years. He is a proud member of the National Association of Enrolled Agents and is a fellow of the National Tax Practice Institute.
He has been self-employed for over 30 years, started his tax preparation business in Santa Ana, California and relocated to Texas in 2001. He served as Treasurer, 2nd Vice President, and President of the Texas Society of Enrolled Agents. Serving as President of the Society, Ricardo testified before the Texas House of Representatives on the potential harm a bill in consideration could unleash upon Enrolled Agents; that bill did not survive the session. Ricardo has a bachelor’s degree from the University of the Incarnate Word in Finance.
Roberto Pons, EA
CEO
Pons & Associates Inc.
Roberto Pons was born in Cuba and arrived to the Uniteds States in 1980. After 20 years in the banking industry, and 3 year as Comptroller of a multinational company, Mr. Pons became an Enrolled Agent in 2003. Shortly thereafter, he founded Pons and Associates with the objective of helping his community’s members to solve and avoid tax problems. Since them, Mr. Pons became involved in the Florida Society of Enrolled Agents and its local chapter in Miami-Dade County. Mr. Pons had served as Treasurer, Vice President and President of his local chapter. At the state level. Mr. Pons served in several committees, the Executive Committee and the Board of Directors of FSEA. As a result of his leadership and dedication, Mr. Pons was elected President of FSEA, and he currently hold that position. In 2012, Mr. Pons graduated from the National Tax Practice Institute and became a Fellow. He has taught classes for the Special Enrollment Examination at Miami Dade Community College South Campus, as well as several seminars to Enrolled Agents and for the public at large. Mr. Pons is a resident of Broward County in Florida; and his office is located in Miami Lakes.
LEVEL I
Date, Times, and Location are subject to change.
Live Webinar
Self-Study
LEVEL II
Date, Times, and Location are subject to change.