Understanding the foundation of C Corporation taxation is critical for any tax professional handling U.S. corporate clients. This section introduces the legal and structural framework behind how corporations are taxed in the U.S., including the distinction between C Corporations and other entities like S Corporations or Partnerships. You’ll learn about double taxation, tax liability determination, and how corporate tax fits into the broader IRS regulatory landscape. The course explains the legal filing requirements, the tax calendar, and how C Corporations interact with the IRS annually. This foundation sets the stage for more advanced topics and gives learners a strong grasp of corporate tax principles essential for return preparation and planning.

This is the core of the course, offering a detailed, line-by-line breakdown of IRS Form 1120 — the U.S. Corporation Income Tax Return. You'll learn how to navigate each section of the form, including reporting gross receipts, calculating deductions, and computing taxable income. Special focus is given to the associated schedules like C (Dividends), J (Tax computation), K (Other information), L (Balance Sheets), M-1 (Book-to-tax reconciliation), and M-2 (Retained earnings). Real-world case studies and simulated client files are used to walk learners through the process of completing an accurate and compliant tax return. The course emphasizes both manual and software-based approaches to mastering the form, ensuring you’re prepared for on-the-job tasks.

Beyond form-filling, this module focuses on the strategic aspects of corporate taxation — how companies plan their deductions, manage taxable income, and maximize their tax efficiency. Learners will explore key deductions like wages, rent, utilities, depreciation, and charitable contributions. You’ll also learn about business credits and how to apply carryforward rules for Net Operating Losses (NOLs). This section helps learners think like tax advisors — identifying opportunities to reduce tax liability and remain fully compliant. Real-life case examples are used to show how strategic planning is integrated into annual tax filing, helping learners offer more value to employers or clients.

Modern tax professionals must be proficient in industry-standard tax preparation software. In this hands-on module, learners are trained on real U.S. Drake tax software environments used by professionals in the Big 4 and other multinational firms. You’ll complete simulations that mirror actual corporate filing scenarios, including data input, system reconciliation, and audit trail management. Practical exercises include correcting common input errors, navigating the software interface, importing financial data, and running diagnostics. This real-time experience ensures you're confident working in fast-paced tax roles and gives you a competitive edge in job interviews and freelance projects.

To validate your learning, the course concludes with a comprehensive final assessment. This timed test covers form preparation, deduction strategies, reconciliation accuracy, and software-based return submission. The assessment is designed to reflect real-world challenges tax professionals face, ensuring you can apply your knowledge practically. You’ll be tested on your ability to handle both routine and complex Form 1120 scenarios — just as you would in a professional setting. Upon passing, you’ll receive a Certificate of Completion from Board360, recognized by industry experts and CPA-aligned organizations. This certificate boosts your credibility in the job market and adds measurable value to your resume or freelance portfolio.