C corporation and S corporation taxation come with a host of benefits, but they're not right for every client. Learn the ins and outs of corporate taxation through an engaging course that’s been updated to cover the most salient issues in corporate taxation, including the corporate alternative minimum tax and the capitalization and amortization of research and experimentation expenditures.
Learning Objectives
When you complete this course, you will be able to: • Apply the economic performance rules for tax deductibility.
• Recognize deduction recognition issues related to amortization.
• Identify issues related to intragroup transactions.
• Determine the corporate net operating loss (NOL) deduction.
• Identify various business tax credits available to corporations.
Major Topics
• Formation of corporation
• Section 1244 stock
• Income: dividends, interest, rentals, capital gains
• Salaries, employee benefits and retirement plans
• Economic performance and other deductions
• Schedule M-3
• Net operating losses
• Personal Service Corporations
• Case studies
