Product Description
Delivery: Text Based
Instructor: WiseGuides
Credit Hours: 2
Field of Study: Federal Tax Update
Approval: IRS, CTEC
Course Description:
After completing this course you will be able to:
Identify when an expense can be deducted as a current year expense
Identify which employer payments can be deducted as employee wages
Determine how to treat costs of operating a business
Determine whether payments are for rent or for the purchase of property
Identify which taxes are deductible business expenses
Identify property that must be depreciated over time
Understand TCJA changes to Special Depreciation
Figure a corporation's allowable charitable contribution
Identify what employee benefit costs can be deducted by the corporation
Identify items the corporation can deduct on the "other deductions" line of Form 1120
How to get a "quick-study" overview of the course material:
Pay particular attention to paragraphs marked by the Wiseguy. He'll guide you to key issues.