Overview
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Requirements to make election
17 mins
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Accounting methods and taxable years
32 mins
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Nominal contributions
82 mins
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Change in taxable year
110 mins
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Transactions between related corps
147 mins
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Accumulated income formula
174 mins
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Stock basis calculation
207 mins
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Control group rules
280 mins
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Substantially disproportionate
327 mins
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What government orders count
379 mins
Course Description
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 are 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 C-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 CE/CPE webinar 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.
Here is the link to your interests: IRS Approved Courses
Learning Objectives
- To discuss the correct entity classification for business entities.
- To apply the correct accounting methods and taxable years for Corporations.
- To inspect if a corporation is a PSC or PHC.
- To analyze if IRC 351 applies to corporate contributions.
- To calculate the Dividends Received Deduction.
- To inspect if you can convert to an S Corp, how to convert to an S Corp, and calculate the basis.
- To analyze if a control group applies.
- To discuss when IRC 1244 applies.
- To explain when IRC 1202 applies.
Recommended For
- This IRS-approved CE course is for CPA (US), EA, AFSP, CRTP, MRTP, ORTP, CFIRS, CWS, and other tax professionals interested in understanding the specifics of choosing the form of entity and its taxation aspects.
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Entrepreneurial CPA
- Maryland Tax Preparers
- Oregon Tax Preparers
- Senior Accountant
- Staff of Accounting Firm
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Young CPA
