Course Detail

Taxation of Corporations - Tax Staff Essentials

Description:

This comprehensive course, developed by Sid Kess, is designed to guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C Corporations and S Corporations.

Highlights:

• Formation of corporation and Section 1244 stock
• Income: dividends, interest, rentals, capital gains
• Salaries, employee benefits and retirement plans
• Economic performance and other deductions
• Net operating losses
• Personal Service Corporations
• Case studies for tax return preparation

Objectives:

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.
• Recognize the accounting methods available to a corporation.
• Determine reasonable compensation issues with respect to a C
Corporation and to S Corporation shareholder-employees.
• Analyze the best retirement plan recommend 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.

Prerequisites:

3-5 years of tax experience

Designed For:

Tax professionals in public
accounting: seniors, supervisors,
and managers

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