Everything You Need to Know - C Corp 8 Credits
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The business structure a client chooses influences virtually everything: day-to-day operations, taxes, how much of their assets are at risk, and more. For this and many other reasons, a client must choose a business structure that gives the right balance of legal protections and benefits.
C Corps is an interesting structure that we see some of our larger clients utilize. With that, there are many interesting subjects and differences that you do not see with other structures.
A Corporation is a type of company that is owned by shareholders. The shareholders elect a board of directors, who decide how the company runs. In a legal sense, corporations are separate entities that can sue and be sued. That means legal and financial liability lands on the shoulders of the corporation, not the business owners.
In this online tax course, speaker Nicholas Preusch will look at the life cycle of a C Corp from contributions of capital to dividends and liquidation. We will look at C Corp-specific subjects as well such as Personal Service Corporations and Holding Corporations.
The IRS-Approved Course will touch a little on S Corps, specifically how to convert to an S Corp and some S Corp basis issues. By the end of the webinar, you should feel confident in issue-spotting and identifying major issues with your C Corporation clients.
Key Topics discussed in this webinar:
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SC
This was my first webinar with myCPE and I thought it went really well. I enjoyed the format, the polling question prompts, the topic, and the instructor. It makes me feel more knowledgeable for my job and look forward to more webinars and courses.
RN
The program covered more corporate information than any other 1 day program I have attended. It was so much more than just tax preparation. It drove into how the structure of the corporation affected the tax position.
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