Topics covered include: Estimated taxes; Passive activity loss; Accumulated earnings tax; Personal holding companies; Controlled group; Consolidated returns. Upon completing this course, you should be able to: Calculate required payments to avoid penalties; Outline the election options to use different annualized periods; Describe the steps to file for quick refunds of overpayments; Recognize situations when a corporation must contend with the passive activity rules; Outline the steps to avoid accumulated earnings penalties and personal holding company tax; Detail the implications of multiple corporations; Discuss audit strategies.