Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Corporation Deductions
|
Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 2 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: May, 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - What expenses are deductible?
Learning Objectives 1
What can be deducted?
Lesson 2 - Employee Compensation
Learning Objectives 2
Employee Compensation
Other compensation
Compensation Limitations
Lesson 3 - Repairs and Bad Debts
Learning Objectives 3
Repairs
Bad Debts
Reporting a Bad Debt
Lesson 4 - Rent, Taxes, and Interest
Learning Objectives 4
Rent
Leases
Cost of Acquiring a Lease
Nondeductible taxes
Real Estate Taxes
OTHER TAXES
Interest
Interest related to tax-exempt income
Property used in production
Below-market loans
Lesson 5 - Depreciation, Amortization, and Depletion
Learning Objectives 5
Depreciation
Nondepreciable
Special depreciation
Amortization
Depletion
Cost depletion
Percentage depletion
Lesson 6 - Charitable Contributions
Learning Objectives 6
Charitable Contributions
Limit
Carryover of excess contributions
Lesson 7 - Retirement and employee benefits
Learning Objectives 7
Employee Benefit Programs
Life Insurance
Medical Insurance
Educational Assistance
Dependent Care Assistance
Supplemental Unemployment Benefits
Cafeteria Plans
Retirement Plans
Qualified Plans
Simplified Employee Pension
Nonqualified Plans
Lesson 8 - Other Deductions
Learning Objectives 8
Other deductions
Entertainment
Course Objectives
Lesson - 1After completing Lesson 1, you will be able to:
- Identify when an expense can be deducted
After completing Lesson 2, you will be able to:
- Identify which employer payments can be deducted as employee wages
After completing Lesson 3, you will be able to:
- Determine how to treat repairs that add life to the property
After completing Lesson 4, you will be able to:
- Determine whether an agreement is a lease or a conditional sales contract
- Identify which taxes are deductible business expenses
After completing Lesson 5, you will be able to:
- Identify property that must be depreciated over time
- Figure cost depletion
After completing Lesson 6, you will be able to:
- Figure a corporation's allowable charitable contribution
After completing Lesson 7, you will be able to:
- Identify benefits allowable in a cafeteria plan
After completing Lesson 8, you will be able to:
- Identify items the corporation can deduct on the "other deductions" line