Taxation of Corporations - Tax Staff Essentials
The ins and outs, pros and cons, and dos and don’ts of corporate taxation.
Format
Online
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
11
Author(s)
AICPA and CIMA staff
Availability
1 year
Product Number
TSETCC25SSO
Weighing the pros and cons of C corporation taxation
There's not a singular tax status that suits every entity. In this course, you'll discover the benefits and drawbacks of the C corporation form related to the following topics, among others:
- Ownership structure
- Accounting methods
- Entity formation
- Deduction limitations
- Taxation of shareholders
- Corporate groups
Filled with tax planning ideas
Corporations of all sizes benefit from engaging in tax planning. Whether you're serving corporate clients or supporting a corporation's tax department, you'll find a trove of tax planning tips for the following concepts:
- Section 1244 stock
- Net operating losses (NOL)
- Charitable contributions
- Transfer pricing
Updated for the latest in corporate taxation
Materials cover developments in corporate taxation, including:
- Corporate alternative minimum tax (AMT)
- Capitalization and amortization of specified research or experimental expenditures
- New, updated, and expiring tax credits
- Consolidated NOL regulations
Part of Tax Staff Essentials Level 2
This self-study online course is part of Tax Staff Essentials Level 2, a comprehensive learning program that provides experienced tax staff with the technical training required to gain independence.
This course can be purchased individually or as part of the Tax Staff Essentials Level 2 bundle.
Who Will Benefit
- Tax seniors, supervisors, and managers in public accounting
- Mid-level tax professionals working for or with corporate entities
Key Topics
- Formation of corporations
- Section 1244 stock
- Accounting methods
- Income: dividends, interest, rentals, capital gains
- Bad debts, rent, taxes, interest, charitable contributions and casualty losses
- Prohibited payments, lobbying, travel and entertainment
- Depreciation and amortization
- Net operating losses
- Schedules M-1 and M-3
- Tax credits
Learning Outcomes
- Analyze the tax-saving opportunities and requirements with respect to Section 1244 stock.
- Determine whether a change of accounting method is permitted and how to make such a change.
- Apply the rules for stock dividends.
- Determine the deductibility of casualty losses.
- Identify the limitations and substantiation requirements regarding deductions for meals, travel, and entertainment.
- Identify the filing requirements for Schedule UTP, Uncertain Tax Position Statement.
- Identify various business tax credits available to corporations.
- Identify issues related to intragroup transactions.
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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