Basic Corporate Tax Returns Mastered: How to File Your Taxes
This course includes video and screen shot explanations of the most common things you will encounter when preparing your business tax returns. Basic Corporate Tax Returns Mastered is organized into four sections:
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Basic Corporate Tax Knowledge
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Common tax forms you will need to complete like: 1120s, 1120X, K1, 2553
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Basic Tax Preparation Example
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Closing Commentary
What are the benefits of doing your business tax returns online?
– A lot less expensive than going through an accountant or CPA
– It will take a lot less time
– You have complete control over what you enter and how long it takes
– Reduced chances of being audited
Why don’t more people do their business taxes online?
– Uncertainty
– Lack of confidence using tax preparation software
The positives outweigh the negatives
Technology and simple online forms have made tax preparation easier than ever and much less likely to get audited than in the past. There are even online tax assistants that answer questions you have. You will save time and money doing your own business tax returns and will learn how to better run your business through tax knowledge acquired while completing your taxes. It’s easier than ever!
What software will you be using?
Turbotax Business is a simple and easy to use software. This course will teach you how to use and maximize this software.
The sooner you start the sooner you’ll finish. Get started today!
Your instructor
Joe Correa is the founder and CEO of several businesses and has successfully taught others how to successfully run a business through his courses as well as prepare business tax returns. The first and most important step of the process is to find someone who has already done this many times and can teach you the process in an easy and practical way.
Please contact me if have any questions. Remember this course has a 30 day money back guarantee so their is zero risk on your part. Don’t forget that you will receive your certificate of completion when you finish this course.
Basic corporate tax knowledge
Basic tax preparation
CLOSING COMMENTARY
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15
Start a New Tax Corporate Tax Return -
16
Business Information
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17
Business Description
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18
Shareholder, Employee, or Contractor Compensation
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19
Vehicle Expenses
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20
Corp Received K1
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21
If You Did Not Use QuickBooks
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22
Corporate Information
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23
Business Tax Year
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24
IRS Business Code
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25
Change of Ownership
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26
Preparing W'2 and 1099's
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27
Qualified Disaster Area
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28
Entities Owned
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29
Assumptions About Your Business
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30
Former C Corp Info
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31
Get Organized
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32
Shareholder Information, Distributions, Loans, and Ownership
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33
Business Income
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34
Business Deductions
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35
Balance Sheet
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36
Tax Credits, Foreign Taxes, Health Insurance, and Election Forms
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37
Filing an Amended Return
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38
Power of Attorney
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39
Life Insurance
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40
Corporate Officer Signs Tax Returns
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41
Audit and Error Check
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42
State Taxes
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43
Filing Tax Returns by Mail
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44
Reviewing and Understanding Form 1120S and Schedule K1
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45
Printing and Saving Your Returns for Your Records
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46
Efiling Your Tax Returns
