This course is an introduction to U.S. corporate taxation for tax professionals who need to learn the fundamentals for preparing 1120 tax returns for domestic corporations. During this course, attendees will learn how a domestic corporation is formed and how ownership is tracked. After understanding the concept of ownership, attendees will learn how the different categories of income and deductions come into play on the corporate tax return and where they are reported. After the course, attendees will also understand how the corporation is taxed as well as the implications for both the corporation and its owners.
Presenter
Timalyn Bowens, EA
America's Favorite EA
Timalyn S. Bowens, EA, is an IRS-licensed enrolled agent who has been in the tax industry since 2011. She founded Bowens Tax & Bookkeeping Solutions in 2016, focusing on helping small businesses maintain IRS compliance. After becoming an enrolled agent, she expanded her services to negotiate with the IRS and represent clients in audits. In 2021, her company rebranded to Bowens Tax Solutions, concentrating on IRS representation for taxpayers. Timalyn is an active member of the National Association of Enrolled Agents, serving on the Membership and Social Media committees, and is involved with Bellarmine University's Alumni Board of Directors and Alumni Ambassador program. She also serves as treasurer for TECH-nique, a nonprofit supporting girls of color in STEM, and is on a committee assisting unhoused women in Louisville. Timalyn holds a Bachelor's degree in accounting from Bellarmine University, where she interned with Crowe Horwath, gaining experience in tax preparation and planning, which sparked her passion for tax law and taxpayer representation.