Taxation of Corporations - Tax Staff Essentials

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Understand taxation of corporations

Gain an understanding of the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations in this self-study course.

Gain practical advice on the accounting methods available to a corporation. This course provides CPE credit in the Taxation field of study.

Who Will Benefit

• Tax professionals in public accounting
• Seniors, supervisors, and managers

Key Topics

• Formation of corporations 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

Learning Outcomes

• Identify the benefits of forming a corporation.
• Identify the accounting methods available to a corporation.
• 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.
• Recognize the requirements for reporting Schedule M-3 (book and tax reconciliation for large corporations) and Schedule UTP (uncertain tax positions).