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Taxation of Corporations - Tax Staff Essentials, Level 2 - Experienced Staff

Author/Moderator: John McWilliams, JD, CPA & Charles Borek, CPA, JD, MBA
Publisher: AICPA
Availability: Online Access
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Description

Available Formats:  On-Demand | See All

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

This comprehensive course is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations.

Topics Discussed:

  • Formation of corporation 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 Objectives
When you complete this course you will be able to:

  • Identify the benefits of forming a corporation.
  • Apply the rules for transfer of assets and liabilities to a new corporation.
  • Review the accounting methods available to a corporation.
  • Understand reasonable compensation issues with respect to a Closely Held Business
  • 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.
  • Understand the requirements for reporting Schedule M-3 (book/tax reconciliation for large corporations) and Schedule UTP (Uncertain Tax Positions)
  • Plan for tax efficient use of Corporation Net Operating Losses

Prerequisite: Two to four years of tax experience

Advanced Preparation: None.

Tax Section Members Receive Additional Savings! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

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Other Options

NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: 10
Taxation of Corporations Tax Staff Essentials, Level 2 Experienced Staff
CPE On-Demand , 2014
Product# 157680
Availability: Online Access 1 Year
For registered users only
Regular:$169.00
AICPA Member:$129.00
Your Price:$169.00
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