Course Information
Corporate Taxation
Course Information
| Title: | Corporate Taxation |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | M044 |
| CPE Credits: | 2.0 |
| Price: | 19.95 |
Description
Description:
This course examines and explains the basics of corporate taxation. The focus is on regular or C corporations, their formation, and operation under tax law. The advantages and disadvantages of corporations are examined; incorporation and capitalization issues are discussed; and, basic tax rates and specialty taxes are reviewed. The tax treatment of operational expenses and deductions are outlined; and accounting periods and methods are explored. Finally, the dangers of multiple corporations and corporate distributions are highlighted.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Taxation
Field of Study: Taxes
Passing Score: 70%
Technical Details: Taxation courses are technical courses.
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Objectives
Objectives:
1. Recognize regular corporation elements, specify their advantages and disadvantages noting tax treatment, and determine how to distinguish them from PSC corporations. 2. Identify §351 requirements for tax-free incorporation, recognize the impact of the transfer of money, property, or both by prospective shareholders and determine the availability of §1244 for stock losses and §195 for amortization of start-up expenditures. 3. Identify the corporate alternative minimum tax noting the small corporation exemption, specify the corporate tax consequences ofcapital gains and losses, and recognize ways to avert the accumulated earnings trap noting the potential use of the accumulated earnings credit. 4. Determine accounting periods and methods available to corporations and specify the tax consequences of liquidating property distributions.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, EA