Business Taxation Course
Gain a comprehensive understanding of business taxation and how it affects different types of business entities. This course covers everything you need to know about federal and state tax systems, tax obligations based on business structure, key tax terminology, and recordkeeping essentials.
Learn how to choose the right business entity for tax purposes, understand taxable and nontaxable income, and take advantage of deductions and credits legally available to your business.
You’ll explore detailed tax filing processes for sole proprietorships, partnerships, LLCs, S-Corporations, and C-Corporations, including forms like IRS 1065, 1120S, 1120, Schedule K-1, and Form 2553. The course also dives into corporate tax planning, double taxation, shareholder compensation rules, and multi-member LLC taxation.
In addition, you'll learn about payroll tax responsibilities, estimated tax payments, depreciation and amortization rules, and how to avoid audit triggers. The course concludes with guidance on amending tax returns, responding to IRS correspondence, using tax software, and adopting best practices for year-round tax readiness.
Whether you’re a small business owner, entrepreneur, or accounting professional, this course equips you with the practical skills and strategic knowledge to manage business taxes confidently and compliantly.
📚 Course Overview
● Introduction to Business Taxation
● Understanding Federal and State Tax Systems
● Key Tax Terminology and Concepts
● Business Structures and Their Tax Implications
● Tax Identification Numbers (EIN and ITIN)
● Choosing the Right Business Entity for Tax Purposes
● Overview of Income Tax Obligations by Entity Type
● Recordkeeping and Accounting for Tax Reporting
● Understanding Taxable vs. Nontaxable Income
● Business Deductions and Credits
● Filing Requirements and Deadlines
● Introduction to Partnership Taxation
● Filing IRS Form 1065 for Partnerships
● Understanding Schedule K-1 for Partnerships
● Introduction to LLC Taxation (Single and Multi-Member)
● LLC as Sole Proprietor vs. Partnership vs. Corporation
● How to File Taxes for a Multi-Member LLC
● Overview of S-Corporation Taxation
● Filing IRS Form 1120S for S-Corporations
● Understanding Schedule K-1 for S-Corporations
● S-Corp Election: IRS Form 2553 and Considerations
● Shareholder Compensation and Reasonable Salary Rules
● Overview of C-Corporation Taxation
● Filing IRS Form 1120 for C-Corporations
● Double Taxation and Dividend Distributions
● Corporate Tax Planning and Strategies
● State and Local Taxes for Business Entities
● Estimated Taxes and Quarterly Payments
● Payroll Taxes and Employer Responsibilities
● Self-Employment Tax for LLC Members and Partners
● Depreciation, Amortization, and Capital Expenses
● Audit Triggers and How to Avoid Them
● Amending Business Tax Returns
● Handling IRS Notices and Correspondence
● Using Tax Software and Professional Filing Services
● Best Practices for Year-Round Tax Readiness
📲 Download Now to Master Business Taxes — From Setup to Filing Like a Pro!
