- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
This course examines and explains the basics of corporate taxation. The focus is on regular or C corporations, their formation, and operation under tax law. The advantages and disadvantage of corporations are examined; incorporation and capitalization issues are discussed; and, basic tax rates and specialty taxes are reviewed. The tax treatment of operational expenses and deductions are outlined; and accounting periods and methods are explored. Finally, the dangers of multiple corporations and corporate distributions are highlighted.
This course provides a general review of corporate taxation from a broad perspective. This course is appropriate for the professional at any organizational level.
Upon successful completion of this course, the user should be able to:
identify the key elements of regular corporations, including advantages and disadvantages;
recognize Section 351 requirements for tax free incorporation; and
recognize accounting periods and methods available to corporations.