Course Detail

Taxation of Corporations - Tax Staff Essentials


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.


• 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


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
• 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.


3-5 years of tax experience

Designed For:

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

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