Taxation of Corporations

Authored by Brian Greenstein
About this Course
This comprehensive CPE course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations.
Learning Objectives
  • Identify the benefits of forming a corporation.
  • Apply the rules for transfer of assets and liabilities to a new corporation.
  • Review the accounting methods available to a corporation.
  • Understand reasonable compensation issues with respect to a C corporation and to S corporation shareholder-employees.
  • Analyze the best retirement plan recommendation for a corporation.
  • Recognize economic performance, including issues and deduction limitations related to bad debts, rent, tax, and interest expense.
  • Determine the availability of tax credits and other entitlements related to retirement plans for a corporation.
  • Understand the requirements for reporting Schedule M-3 and Schedule UTP
  • Plan for tax efficient use of Corporation Net Operating Losses
Key Topics
  • Formation of corporation and Section 1244 stock
  • Income: dividends, interest, rentals, capital gains
  • Salaries, employee benefits and retirement plans
  • Economic performance and other deductions
  • Net operating losses
  • Personal Service Corporations
  • Tax rates, AMT, and tax credits
  • Case studies for tax return preparation
Who will it benefit?
Tax professionals in public accounting: seniors, supervisors, and managers
$ 149.00
AICPA Member Price: $ 119.00
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NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
6.5
Prerequisites
None
Delivery Method
QAS Self-Study
Advance Preparation
None
Last Updated
02/02/2017
TSETCC_16A-M_2