Enrolled Agent (EA Part II) Exam Prep: Master U.S. Taxation

Are you a business owner, accountant, or tax professional looking to deepen your understanding of business taxation? This course provides a thorough overview of the key concepts, strategies, and regulations governing business taxation. Whether you’re dealing with business entities, tax preparation, or specialized returns, this course is designed to equip you with the knowledge and skills needed to navigate the complexities of business taxation.

In this course, you’ll learn about:

• The different types of business entities and their tax implications.
• The intricacies of partnerships, corporations, and S corporations.
• The process of business tax preparation, including income, expenses, and deductions.
• Specialized returns for trusts, estates, exempt organizations, retirement plans, and more.

With practical examples, real-world scenarios, and detailed explanations, this course will help you become proficient in handling various business tax situations.

Course Content:

1. Overview – Business Taxation

• Understanding the fundamentals of business taxation.

2. Business Entities and Considerations

• Explore different business entities, their tax classifications, and reporting requirements.
• Key topics include Sole Proprietorships, Partnerships, Corporations, LLCs, Tax-Exempt Entities, and more.

3. Partnerships

• Dive into the complexities of partnerships, including income, expenses, distributions, and new tax audit regimes.

4. Corporation in General

• Learn about corporate taxation, including filing requirements, shareholder dividends, and special deductions.

5. Forming a Corporation

• Understand the process and tax considerations involved in forming a corporation, including IRC section 351 exchange.

6. S Corporations

• Explore the unique aspects of S corporations, including eligibility, election procedures, and shareholder taxation.

7. Business Tax Preparation

• Comprehensive guide to business income, expenses, deductions, credits, and asset management.

8. Business Assets

• Understand the basis of assets, capitalization, repair rules, and property disposition.

9. Analysis of Financial Records

• Learn how to analyze financial records for tax purposes, including income statements, balance sheets, and accounting methods.

10. Advising the Business Taxpayer

• Tips on advising business taxpayers on reporting, filing obligations, and tax planning strategies.

11. Specialized Returns and Taxpayers

• Gain insights into specialized returns for trusts, estates, exempt organizations, retirement plans, and rental property.

Who This Course is For:

• Business Owners
• Accountants and Tax Professionals
• Students and Aspiring Accountants
• Financial Advisors