You must complete Level I to enroll into this course. Click here to register for Level I.
Date: June. 13 – 15, 2022
Class: 9 AM - 12 PM PST
Break: 12 PM - 12:30 PM PST
Class: 1 PM - 4 PM PST
This 3 day corporation and partnership course continues with Taqueria Victoria. The taqueria is in the second year of business and has a loss. What do you do with a loss on the tax return?
Find out how and where to report reimbursements for an accountable plan, paid medical insurance for shareholders, dividends paid from retained earnings for shareholders for the C-Corp and partnership expense for the S-Corp and Partnership.
Other topics covered will be Net Operating Loss (NOL) carryback, effect in basis for S-Corp and Partnership non-deductible expenses and donations.