USA Corporate Tax Fundamentals: Comprehensive Training for Business Taxation

Rs. 13,999/

4.6

About this course

This comprehensive course is designed to provide you with a solid understanding of U.S.A corporate taxation. Whether you're a business owner, accounting student, or aspiring tax professional, this course will guide you through the core principles, practical applications, and advanced techniques of corporate tax preparation.

Starting with the fundamentals of U.S.A corporate taxes, the course delves into the Internal Revenue Code (IRC) as it applies to businesses and equips you with the skills to prepare key tax returns such as Forms 1120, 1120-S, and 1065.

Topics Covered:

1) Introduction to U.S.A Corporate Taxes

2) The Internal Revenue Code (IRC) for Businesses

3) Corporate Tax Filing Requirements

4) Income, Deductions, and Credits for Businesses

5) Form 1120 and 1120-S Preparation

6) Partnership Taxation and Form 1065

7) Depreciation, Amortization, and Business Asset Management

8) Tax Planning and Compliance

What You’ll Learn:

- The structure and application of U.S.A corporate tax laws

- How to navigate and apply the Internal Revenue Code to businesses

- Techniques for preparing accurate corporate and partnership tax returns

- Practical skills for tax planning and compliance

Why Learn U.S.A Corporate Taxes?

A deep understanding of corporate taxes is essential for anyone involved in business or finance. This knowledge enables you to prepare tax returns accurately, optimize tax outcomes, and ensure compliance with federal regulations valuable skills for business owners, tax professionals, and financial advisors alike.

Who Should Take This Course?

- Accounting and Tax Students

- Aspiring Tax Preparers and Accountants

- Business Owners and Entrepreneurs

- Professionals in Finance and Accounting

- Individuals Interested in Corporate Taxation

Prerequisites

This course is designed for beginners and does not require prior experience with corporate taxation. It is ideal for anyone looking to build a strong foundation in U.S.A business taxes.

Course Duration in Hours:

54-60 Hours

Course Duration in Month:

2 to 2.5 Months

Class Timings:

3 Hours each on Saturday and Sunday Morning

Next Batch tentative Start Date:

Confirm on WhatsApp or via E-mail

Course Content

Module 1: Business Entity Tax Returns

1. Form 1065: U.S.A Return of Partnership Income Overview of Partnerships and Filing Requirements Components of Form 1065 (Income, Deductions, and Schedules) K-1 Forms for Partners

2. Form 1120: U.S.A Corporation Income Tax Return Filing Requirements for Corporations Breakdown of Form 1120 (Income, Deductions, and Taxable Income) Special Considerations for Corporate Taxpayers

3. Form 1120-S: U.S.A Income Tax Return for an S-Corporation S-Corporation Election and Eligibility Differences Between Form 1120 and Form 1120-S Distributing K-1s to Shareholders

Module 2: Employer and Payroll Tax Forms

4. Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return Overview of FUTA Tax Obligations Preparing and Filing Form 940

5. Form 941: Employer's Quarterly Federal Tax Return Reporting Employee Wages and Withholding Taxes Calculating Deposits and Payments

6. Form 1095-C: Employer-Provided Health Insurance Offer and Coverage ACA Reporting Requirements for Large Employers Form 1095-C Compliance and Distribution

Module 3: Specialized Tax Forms

7. Form 720: Quarterly Federal Excise Tax Return Types of Excise Taxes and Filing Requirements Completing and Submitting Form 720

8. Form 5471: Information Return of U.S.A Persons with Respect to Certain Foreign Corporations Who Must File Form 5471 Key Information and Schedules

9. Form 5472: Information Return of a 25% Foreign-Owned U.S.A Corporation Filing Requirements for Foreign-Owned Corporations Details Required for Form 5472

Module 4: Individual and Small Business Tax Forms

10. Form 8829: Expenses for Business Use of Your Home Eligibility and Expense Calculations Simplified vs. Detailed Method

11. Form 8995: Qualified Business Income Deduction Simplified Computation Overview of QBI Deduction Completing Form 8995 for Small Businesses

12. Form 4562: Depreciation and Amortization Deducting Depreciation for Business Assets Section 179 and Bonus Depreciation

13. Form 2553: Election by a Small Business Corporation Filing an S-Corporation Election Deadlines and Implications

Module 5: Financial and Investment Reporting

14. Form 8938: Statement of Specified Foreign Financial Assets FATCA Requirements and Filing Thresholds Reporting Foreign Financial Assets

15. Form 8996: Qualified Opportunity Fund (QOF) Overview of Opportunity Zones Reporting and Compliance for QOF Investments

Module 6: Credits, Refunds, and Special Applications

16. Form 1045: Application for Tentative Refund Filing for Refunds Using Carrybacks Key Deadlines and Processes

17. Form 8881: Credit for Small Employer Pension Plan Startup Costs Eligibility for Startup Plan Credits Claiming the Credit on Tax Returns

18. Form 8832: Entity Classification Election Choosing a Business Entity for Tax Purposes Completing and Submitting Form 8832