education videos (7)
Understanding 1120-H versus 1120
This video helps you understand the differences between Form 1120-H and Form 1120, and alerts you to the huge tax risks that exist on Form 1120.
We routinely recommend that associations file Form 1120-H.
Form 1120-H Checklist
This video provides you with a step-by-step checklist for preparing Form 1120-H.
We provide this video, not so much because it is necessary to have a checklist for preparing Form 1120-H, as for contrasting Form 1120-H with the inherent tax risks that exist on Form 1120.
We routinely recommend that associations file Form 1120-H.
Form 1120 Checklist
This video helps you understand the critical steps that you must take to safely file Form 1120. By virtue of the steps required, it also alerts you to the inherent tax risks that exist on Form 1120.
We routinely recommend that associations file Form 1120-H.
Compliance Requirements of Revenue Ruling 70-604
This video helps you understand the comliance requirements of Revenue Ruling 70-604, and alerts you to the tax risks that exist with this Revenue Ruling and with Form 1120.
Understanding Revenue Ruling 70-604
This video helps you understand Revenue Ruling 70-604, and alerts you to the tax risks of noncompliance. This three paragraph Revenue Ruling seems deceptively simple. And it is; deceptive that is. Any association considering filing Form 1120 MUST consider making an election under revenue Ruling 70-604.
Reducing Tax Risk on Form 1120
This video shows you the four best tools you can use in reducing the tax risks that exist on Form 1120.
You need to look beyond the 15% tax savings of Form 1120, and consider the tax risks that exist. Strict compliance with tax law is difficult, and a single mistake can be fatal. Our Tax Manager, Gary Porter, CPA has directly conducted or been consulted on dozens of IRS tax audits for associations, ALL on Form 1120. The IRS generally does not bother to perform audits on Form 1120-H tax returns, as they know they cannot generate any significant tax assessments. In contrast, they are almost guaranteed to generate tax assessments on Form 1120.
Understanding 1120-H versus 1120
This video helps you understand the differences between Form 1120-H and Form 1120, and alerts you to the huge tax risks that exist on Form 1120.
We routinely recommend that associations file Form 1120-H.
