Taxation of Corporations

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 11

When it comes to the benefits of forming a corporation, are S corps or C corps better for your clients? This CPE course will guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations. In addition, you will receive practical advice on the accounting methods available to a corporation. This course has been updated for Tax Reform.


? Identify the benefits of forming a corporation.
? Apply the rules for transfer of assets and liabilities to a new corporation.
? Review the accounting methods available to a corporation.
? Understand reasonable compensation issues with respect to a C corporation and to S corporation shareholder-employees.
? Analyze the best retirement plan recommendation 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.
? Understand the requirements for reporting Schedule M-3 and Schedule UTP
? Plan for tax efficient use of Corporation Net Operating Losses


? 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
? Tax rates, AMT, and tax credits
? Case studies for tax return preparation

Additional Information

Designed For

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


American Institute of CPAs


11.00 Taxes

Course Number


Level of Knowledge


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