1120 Preparation and Planning 2: Income (2023 Edition)

Author: Barbara Weltman, Sidney Kess, Greg White

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC

This course provides a refresher on the preparation of corporate income tax returns. This is the second in a series of courses on Form 1120 preparation, focusing on income. All of the courses in this series have been fully updated to reflect recent legislative changes. It will provide participants with a solid foundation in preparing corporate income tax returns.

Publication Date: September 2022

Designed For
Tax practitioners.

Topics Covered

  • Introduction
  • Business Income
  • Other Income
  • Schedules M”1, M”2, and M”3

Learning Objectives

  • Define general concepts affecting the reporting of income
  • Recognize how to report inventory on Form 1125-A
  • Identify and report other income items
  • List filing requirements for Schedules M-1, M-2, and M-3
  • Identify the form used to determine the cost of goods sold
  • Identify what percentage for the dividends-received deduction is allowed for a wholly owned affiliated domestic corporation


Instructional Method

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites

Advance Preparation

Registration Options
Regular Fee $53.00

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