Live Online EA Exam Review - Part II Agenda
Online Course: ID# 1001043
Agenda
COURSE OUTLINE:Orientation – Familiarity with Materials, Homework assignments, Study Buddy info
Lecture 1 – The big Picture – Overview of Business Entities, Pros and Cons of using each Format
Lecture 2 – First piece – Accounting 101 – Understanding the Balance Sheet and Income Statement
Lecture 3 – Favorite piece – Business Income – and how to reconcile it to third party information
Lecture 4 – Juicy piece – Business Expenses – All those luscious write-offs
Lecture 5 – Misunderstood piece – Office in Home – and how it applies to each business entity
Lecture 6 – Custom Piece – Specific Businesses – Farms, truckers, Internet Marketers
Lecture 7 – Exempt Piece – Exempt Organizations – and the new filing rules
Lecture 8 – Fun piece – Discussing the Schedule C Tax Sample and your results – and how to do it better
Lecture 9 – Shared piece – Partnerships – General, Limited, LLCs, JVs and Married Couples
Lecture 10 – Joining piece – Getting into and out of Partnerships
Lecture 11 – Sharing piece – Discussing the 1065 Tax Sample and your results – and how to do it better
Lecture 12 – Incorporated piece – C Corporations – including PSCs and holding companies
Lecture 13 – Reconciling Piece – Discussing the Form 1120 Tax Sample, reconciling Schedules L, M-1, M-2
Lecture 14 – Small Business Piece- S Corporations – Small Business or S Corporations – special issues for shareholder-employees
Lecture 15 – Filing Piece – Reconciling Piece – Discussing the Form 1120S Tax Sample and your results – and how to do it better – and reconciling Schedules L, M-1, M-2
Lecture 16 – Freedom Piece – Business retirement plans – and how they work with each entity
Lecture 17 – Trusting Piece – Estate and Trusts – Form 1041
You will get data from sample clients to input into the FREE tax software or your own tax software. You will learn where to get tax software. You will get profiles of different types of business clients, with respectable levels of complexity.
- Schedule C – Home-Based business
- Partnership – LLC filing as a partnership
- Corporation – Privately held, with employees
- S Corporation – Single owner
Note: We will not be doing sample 1041s or 990s in this class.