See also the Checkpoint Focused Tax Return Compliance package, which includes the online version of this PPC deskbook.
Given the IRS's emphasis on practitioner due diligence, proper preparation of your clients' returns is more important than ever. With the key issues, examples tied to filled-in forms, checklists, worksheets, and other quality control tools you'll find in PPC's 1120 Deskbook, you and your staff can solve the difficult, unclear, or misunderstood issues encountered when preparing Form 1120. The Deskbook points out elections and other tax-saving opportunities to take advantage of while preparing the return; plus, the tax planning roadmap highlights planning opportunities that you and your staff can pursue after busy season.
To provide the best preparation services for your clients, and to enable you and your staff to work efficiently and profitably, PPC's 1120 Deskbook provides:
- A quality control template that guides you through a series of return preparation checklists, computational worksheets, sample elections and other practice tools that promote due diligence in the preparation and review of corporate returns.
- Guidance on preparing accurate Forms 1120, 1120X, 1139, and related forms and schedules — including Schedules M-3 and UTP — with more than 75 completed forms, worksheets, and return statements.
- Explanations of tax laws and regulations, including examples and recent court cases to provide a complete understanding of complex corporate tax issues.
The Deskbook provides valuable tax practice tools, including a tax return preparation engagement letter, long and short form client organizers, an overall due diligence review checklist, long and short form return preparation checklists, and first year and final year return preparation checklists. In addition, the tax planning roadmap provides a quick and easy way of identifying post-busy season planning opportunities by reviewing your clients' completed tax returns.