# C Corporation Income Tax Form 1120

Learn to enter tax data for a C Corporation into tax Form 1020 from a CPA

4.4/5

## C Corporation Income Tax Form 1120

### What you’ll learn

How to enter tax data for an C Corporation into Form 1120
How to use tax software to input a Form 1120
How to use an Excel worksheet to support tax data input for a C Corporation tax return Form 1120
How to enter and track M-1 adjustments

None

### Description

This course currently consists of a comprehensive problem showing the data input process of a C Corporation into tax Form 1120.This course will put together a systematic format of entering data into a Form 1120 that will minimize errors, isolate problems as they happen, and remove the possibility of having to start the process all over again.We will enter each M-1 adjustment individually into both the tax return and an Excel worksheet so that we fully understand how M-1 adjustments function.We will start by reviewing the data for the comprehensive problem.Then we will enter the data into an Excel worksheet that will be used to help us organize the information.We will be using Lacerte Tax software to enter the tax data into Form 1120. However, we will also provide PDF files of the tax forms so learners can enter the data directly into the tax forms as we go. The tax forms can also be found on the IRS website.The course will demonstrate how to enter the data into the tax forms in stages to reduce potential mistakes and to identify mistakes as they happen so they can be fixed as easily as possible.We will start the data input with the balance sheet.Then we will enter the income statement as it is formatted in the adjusted trial balance.Next, we will systematically go through the M-1 adjustments. We will isolate these adjustments, reviewing them on the tax forms, in the software, and using our Excel worksheet.We will then review the tax forms.

### Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Comprehensive Problem

Lecture 3 Comp 1 C Corporation Comprehensive Problem Part 1 Review Data

Lecture 4 Comp 2 C Corporation Comprehensive Problem Part 2 Excel Worksheet

Lecture 5 Comp 3 C Corporation Comprehensive Problem Part 3 Review Tax Return

Lecture 6 Comp 4 C Corporation Comprehensive Problem Part 4 Enter Beginning Balances

Lecture 7 Comp 5 C Corporation Comprehensive Problem Part 5 Depreciation

Lecture 8 Comp 6 C Corporation Comprehensive Problem Part 6 Balance Sheet

Lecture 9 Comp 7 C Corporation Comprehensive Problem Part 7 Income Statement

Lecture 10 Comp 8 C Corporation Comprehensive Problem Part 8 Retained Earning Reconciliatio

Lecture 11 Comp 9 C Corporation Comprehensive Problem Part 9 Book Depreciation Adjusting En

Lecture 12 Comp 10 C Corporation Comprehensive Problem Part 10 M-1 Depreciation

Lecture 13 Comp 11 C Corporation Comprehensive Problem Part 11 M-1 Sale of Equipment

Lecture 14 Comp 12 C Corporation Comprehensive Problem Part 12 M-1 Federal Income Tax

Lecture 15 Comp 13 C Corporation Comprehensive Problem Part 13 Depreciation Fix Error

Lecture 16 Comp 14 C Corporation Comprehensive Problem Part 14 M-1 Meals

Lecture 17 Comp 15 C Corporation Comprehensive Problem Part 15 M-1 Bad Debt

Lecture 18 Comp 16 C Corporation Comprehensive Problem Part 16 M-1 Tax Exempt Interest

Lecture 19 Comp 17 C Corporation Comprehensive Problem Part 17 Sch. C Dividends

Lecture 20 Comp 18 C Corporation Comprehensive Problem Part 18 Sch. D Capital Gain

Lecture 21 Comp 19 C Corporation Comprehensive Problem Part 19 Capital Loss Carryover

Lecture 22 Comp 20 C Corporation Comprehensive Problem Part 20 Officer Compensation

Lecture 23 Comp 21 C Corporation Comprehensive Problem Part 21 Interest Income Adjustment

Lecture 24 Comp 22 C Corporation Comprehensive Problem Part 22 Cost Of Goods Sold

Lecture 25 Comp 23 C Corporation Comprehensive Problem Part 23 Estimated Payments

Lecture 26 Comp 24 C Corporation Comprehensive Problem Part 24 Review & Diagnostics

Tax professionals,Business owners considering a Partnership form of business entity,Tax and accounting students

#### Course Information:

Udemy | English | 5h 18m | 4.94 GB
Created by: Robert (Bob) Steele

You Can See More Courses in the Business >> Greetings from CourseDown.com

Scroll to Top