This comprehensive course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C Corporations and S Corporations. This course has incorporated changes from the Tax Cuts and Jobs Act (TCJA) passed in December 2017 and their subsequent application.
Formation of corporation and Section 1244 stock. Income: dividends, interest, rentals, capital gains. Salaries, employee benefits and retirement plans. Economic performance and other deductions. Net operating losses. Personal Service Corporations. Case studies for tax return preparation.
3-5 years of tax experience
Identify the benefits of forming a corporation. Apply the rules for transfer of assets and liabilities to a new corporation. Review the accounting methods available to a corporation. Understand reasonable compensation issues with respect to a C Corporation and to S Corporation shareholder-employees. Analyze the best retirement plan recommend for a corporation. Recognize economic performance, including issues and deduction limitations related to bad debts, rent, tax, and interest expense. Determine the availability of tax credits and other entitlements related to retirement plans for a corporation.
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Pamela J. Davis-Vaughn is a general practitioner providing accounting, tax, and consulting services to clients across the United States from her office in Painted Post, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech, and has been a highly rated speaker at the Controller’s Roundtable, a sponsored event for controllers of automobile dealerships in Texas.
Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University. She holds a license to practice in Kansas, Texas, and New York.
Non-Member Price $349.00
Member Price $249.00