Authored by Brian R. Greenstein, Ph.D , Sidney Kess, CPA, J.D., L.L.M
About this Course
Staying current on the fast-paced changes within tax is challenging, yet critical. The comprehensive Corporate Income Tax Workshop, led by the AICPA's top tax instructors, gives you an advantage with unique perspectives on the latest tax changes. Look at the most recent tax laws and other developments affecting C corporations, S corporations, and other business entities, including limited liability companies. Learn how to advise clients and employees on the latest tax-planning ideas. Share marketing ideas from top practitioners based on the latest tax strategies. Offered in self-study text and online formats for your convenience.
Learning Objectives
Identify the benefits of forming a corporation
Apply the rules for transfer of assets and liabilities to a new corporation
Recall the accounting methods available to a corporation
Recognize reasonable compensation issues for C Corps and S Corps
Analyze the best retirement plan recommended for a corporation and determine available credits and other entitlements
Recognize economic performance, including issues, deductions, and 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
Accurately apply financial turmoil and bankruptcy rules
Key Topics
S Corporation qualifications and election
C Corporation IRC Section 1244 Stock
Cash and accrual accounting methods
Revenue recognition methods
Expensing versus capitalization rules
Depreciation
Inventories
Dividends, interest, and other income
Employee benefit and retirement plans
Net operating losses
Passive activities and at-risk limitations
PPACA: Net Investment Income Tax: Medicare Tax
Tax return disclosures
Sale of properties
Other taxes: AMT, accumulated earnings tax, personal holding
Tax payments and penalties
Who will it benefit?
Tax professionals in public accounting: seniors, supervisors, and managers; Tax professionals within corporate finance or tax departments
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