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Taxation of Corporations - Tax Staff Essentials
CPE Self-study

Taxation of Corporations - Tax Staff Essentials

Understand the benefits of forming a corporation and determine whether an S corporation or C corporation is the best fit for your client.

$189 - $275
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NASBA Field of Study




CPE Credits



Brian R. Greenstein


1 year

Product Number


 Business & partner 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 2 online bundle.

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
  • 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
  • Net operating losses
  • Schedule M-3: Reporting Tax Differences
  • Minimum tax credit, AMT, ACE, and tax credits
  • Multiple corporations – controlled groups

Learning Outcomes

  • Apply the economic performance rules for tax deductibility.
  • Recognize deduction recognition issues related to amortization.
  • Calculate the corporate net operating loss (NOL) deduction
  • Recognize which items of income and expense are used to make the adjusted current earnings (ACE) adjustment.
  • Identify items of income and deduction that may affect the AMT calculation (for tax years beginning before December 31, 2017).
  • Calculate the small employer health insurance credit and explain its applicability.
  • Identify various business tax credits available to corporations.
  • Recognize the advantages and disadvantages of a parent-subsidiary or brother-sister group of corporations.
  • Identify issues related to intragroup transactions.
Credit Info
CPE Credits
NASBA Field of Study
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
Tax Section Members

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Contact us
Brian R. Greenstein
"University of Delaware / Kennett Square, PA Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice. Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. He has also written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes - The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process."

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Taxation of Corporations - Tax Staff Essentials
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