Preparing C Corporation Returns Self-Study


This introductory, hands-on course is for tax professionals looking to expand their practice by preparing C corporation returns. It is ideal for individuals who have never completed a Form 1120 before or have very limited experience. You’ll learn about the 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.


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

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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