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Preparing C Corporation Returns


This hands-on course is for tax professionals who are looking to expand their practice by preparing C corporation returns. This course presents general tax aspects applicable to domestic C corporations, including line item explanations designed to aid in the preparation of Form 1120, U.S. Corporation Income Tax Return. This course is ideal for individuals who have never completed a Form 1120 before or have very limited experience.


Upon completion of this course, you will be able to:

  • Identify the advantages and disadvantages of forming a C corporation.
  • Identify the tax consequences of forming a C corporation.
  • Determine if §351 applies and explain the reporting requirements.
  • Recognize the importance of an engagement letter.
  • Select a tax year and accounting method to ensure the least amount of tax.
  • Complete a basic Form 1120, including Schedules J, L, M-1, and M-2.
  • Summarize the dividends received deduction.
  • Identify requirements to file Form 1120, including the applicable due dates.
  • Compute the shareholder’s stock basis in a C corporation.
  • Summarize the taxation of distributions from a C corporation.

Course Details

  • Online glossary
  • This course includes an e-book. CPE is issued after exam is successfully completed.


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