- NY Credits : 7.0
- TX Credits : 7.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 7.0
This course presents an in-depth review of the dividends-received deduction, net operating losses, related party transactions, tax credits, computation of the corporate tax liability, and calculation and due dates for corporate estimated tax payments. This intermediate level course is most appropriate for the professional with detailed knowledge in C corporation taxation or the professional seeking to expand his or her knowledge base and may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. This course is updated for the Tax Cuts and Jobs Act.
The course has been updated to address relevant provisions of tax laws through the Tax Cuts and Jobs Act of 2017 signed into law by President Trump on December 22, 2017. The Act reduces the corporate tax rate to a flat 21% for tax years beginning after December 31, 2017. Many provisions in the Internal Revenue Code, including the dividends received deduction and the net operating loss deduction, were substantially modified by the Act.
Upon successful completion of this course, the user should be able to:
identify the dividends-received deduction and net operating losses,
recognize the treatment of gains and losses on related party transactions,
recognize the general business tax credit and tax credits for research and experimentation expenses, and
compute the corporate tax liability and identify estimated tax payments.