The 1120 Preparation and Planning Guide thoroughly covers the preparation of corporate income tax returns. It provides a comprehensive review of the basic principles of corporate income tax preparation. The provisions of recent legislation that impact the 2006 tax return are highlighted and significant recent court decisions and revenue rulings that affect corporate returns are examined. Module 1 provides an overview of the filing requirements for the 2006 Form 1120, as well as instructions for completing the general information and income portions of the return. It alerts practitioners to planning opportunities presented by recent legislation and provides numerous tax-saving suggestions and compliance advice. Topics covered include: