10 Tax Saving Opportunities When Preparing Business Tax Returns (Currently Unavailable)

Author: Lewis Taub

This course discusses ten tax savings opportunities that can apply to many business returns but, are often overlooked. The opportunities will be explained in detail so that the participant can apply these opportunities to save business significant tax dollars.

Publication Date: July 2015

Designed For
CPAs, accountants, CFOs and Controllers who want to ensure that the businesses which they advise are taking advantage of every possible tax savings opportunity allowed under the Federal income tax rules.

Topics Covered

• Domestic Production Deduction
• The Interest-Charge Domestic International Sales Corporation
• Research and Development Credit
• Ordinary Loss for the Stock of the Worthless Subsidiary
• Proper Treatment of Sales Based Royalties
• Minimizing Estimated Taxes
• Advance Payment
• At-Risk Rules for S Corporation Shareholders
• Minimizing the Tax on a Long-Term Basis

Learning Objectives

• Apply the tax saving methods when preparing business tax returns
• Recognize practical application of such opportunities under a wide variety of facts and circumstances

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A working knowledge of business tax return concepts

Advance Preparation
None