Preparing C Corporation Returns Self-Study


This course is ideal for individuals who have never prepared a Form 1120, U.S. Corporation Income Tax Return, before, or have very limited experience. First, you’ll learn the general tax aspects applicable to domestic C corporations, so you’ll have a foundation when assisting clients with business decisions. Then, using line-by-line item explanations, you’ll learn how each entry aids in the preparation of Form 1120.


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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