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
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
6.5
Prerequisites
None
Delivery Method
QAS Self-Study
Advance Preparation
None
Last Updated
01/04/2022
TSETCC_16A-M_2
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