The C Corporation Tax Guide self-study CPE course is an indispensable resource for professionals seeking comprehensive knowledge about the tax aspects of C corporations. This course offers a deep dive into the key tax considerations, ensuring you're well-equipped to handle the intricacies of this popular corporate structure. You'll gain insight into crucial areas such as the implications of double taxation and the treatment of dividends. The CPE course also sheds light on the deductibility of interest expenses and the identification of disallowed deductions, crucial for accurate tax planning and reporting. Furthermore, it explores the specifics of capital gains and losses and the personal holding company tax, enhancing your ability to navigate complex tax scenarios effectively. By understanding the rules for recognizing charitable contributions and the dividends received deduction, you can advise on strategic financial decisions. The course also provides guidance on identifying deductible expenditures and handling net capital losses, ensuring comprehensive tax management for C corporations. This self-study CPE course doesn't just teach; it empowers you with the tools and knowledge to maximize the benefits of the C corporation structure for your clients or organization.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the situations in which C corporation liability can pass through to the shareholder.
Identify the methods used to reduce the effects of double taxation.
Specify the circumstances under which the cash basis and accrual basis of accounting should be used.
Recognize the types of expenses that qualify as start-up and organizational expenses.
State the rules pertaining to the recognition of charitable contributions.
Specify the rules pertaining to the interest expense deduction.
Identify the circumstances under which the dividends received deduction is relevant.
Recognize the types of expenditures that can and cannot be deducted by a C corporation.
Specify the rules relating to the recognition of net capital losses.
Identify the professions that would use the personal services corporation entity.
Major Topics
C Corporation Characteristics
Shareholders
Payment to Shareholders
Methods of Accounting
The C Corporation Tax Return
Filing Penalties
Corporate Penalty Taxes
The Corporate Spin-Off