Originally written by Sid Kess and now led by AICPA’s top tax instructors, this CPE course will give you an advantage with our unique perspective on the latest tax changes. Look at the most recent tax laws and other developments affecting C Corporations, S Corporations, and other business entities, including limited liability companies. Learn how to advise clients and employees on the latest tax-planning ideas. Share marketing ideas from top practitioners – based on the latest tax strategies. In addition, practical, real-life exercises will help you apply what you’ve learned from this comprehensive course.
- S Corporation qualifications and election
- C Corporation IRC Section 1244 Stock
- Cash and accrual accounting methods
- Revenue recognition methods
- Expensing versus capitalization rules
- Dividends, interest, and other income
- Employee benefit and retirement plans
- Net operating losses
- Passive activities and at-risk limitations
- PPACA: Net Investment Income Tax: Medicare Tax
- Tax return disclosures
- Sale of properties
- Other taxes: AMT, accumulated earnings tax, personal holding
- Tax payments and penalties
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.
- Recall the accounting methods available to a corporation.
- Recognize reasonable compensation issues with respect to C Corporation and S Corporation shareholder-employees.
- Analyze the best retirement plan recommended 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.
- Accurately apply financial turmoil and bankruptcy rules.
Prerequisite: A working knowledge of Corporate Taxation
Advanced Preparation: None
The video included in the Text with Video and Online with Video formats is also available for individual purchase. Click here for more details.
PFP and Tax Section Members qualify for an additional 20% discount.
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This product includes a course manual, plus a 248 minute video: Sidney Kess, CPA, J.D., LL.M, interviews Joe Bublé, CPA; Vernon B. Hoven, CPA, EA, MST, CSP; Andrew Fair Esq. JD; William Harden, Ph.D., CPA, CFC; Sharon Kreider, CPA, EA; Carolyn Turnbull, CPA, MST, CGMA; Joseph W. Walloch, CPA, CGMA, MBA, MBT; Julie A. Welch, CPA, PFS, CFP; and Christopher Williams, Principal – Ernst & Young LLP.