Rs. 13,999/
Unlock the complexities of business taxation with our comprehensive course designed for aspiring Enrolled Agents. This program provides an in-depth understanding of key topics in Part II of the EA exam, helping you develop the expertise to handle business tax compliance and confidently pass the exam.
1) Types of business entities: Sole proprietorships, partnerships, corporations, and S corporations.
2) Tax implications and compliance requirements for each entity type.s
3) Determining gross income for businesses.
4) Ordinary and necessary business expenses.
5) Special deductions, including Section 179 and bonus depreciation.
6) Partnership income allocation and Schedule K-1.
7) Treatment of guaranteed payments and partner contributions.
8) Taxation of partnership distributions.
9) Taxable income determination for C corporations.
10) Special rules for S corporations, including shareholder basis and distributions.
11) Strategies to minimize tax liability for businesses.
12) Key sections of the Internal Revenue Code (IRC) for businesses.
13) And much more..
- Understanding the taxation of various business entities and their compliance requirements.
- Preparation of business tax returns, including Forms 1120, 1120-S, and 1065.
- Mastery of IRS rules and regulations to ensure accurate reporting and compliance.
This course simplifies the complexities of business taxation, providing you with the knowledge and tools to excel in the EA Part II exam. By mastering these topics, you’ll also gain valuable expertise applicable to real-world tax practice.
- Aspiring Enrolled Agents preparing for the EA Part II exam.
- Tax professionals seeking to expand their knowledge of business taxation.
- Accounting and finance professionals aiming to deepen their expertise in tax compliance.
No prior knowledge is required. This course is designed for all levels, starting with the basics and building up to intermediate concepts.
44-48 Hours
2 Month
3 Hours each on Saturday and Sunday Morning
April 5, 2025
Overview of types of business entities (sole proprietorships, partnerships, corporations, S corporations, etc.), including formation, tax implications, and differences.
Focus on Form 1065, partnership taxation rules, allocation of income, and reporting requirements.
Detailed study of C corporations, including Form 1120, taxation, dividend distributions, and shareholder considerations.
Key aspects of S corporations, including Form 1120-S, shareholder eligibility, income allocation, and tax treatment.
Comprehensive coverage of gross income, allowable business expenses, and deductions specific to businesses.
Requirements for employers, such as payroll taxes, reporting wages, and filing employment tax forms.
Overview of available business tax credits, eligibility criteria, and their calculation.
Calculation of asset basis, methods of depreciation (MACRS, Section 179, etc.), and rules for asset disposition.
Steps to calculate taxable income for businesses, including adjustments, credits, and tax liabilities.
Application of concepts through sample problems, case studies, and IRS-like scenarios.