- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
The first chapter of this course examines Section 1244 stock losses, the exclusion for certain gain from qualified small business stock (QSBS), the Code Section 385 rules for treating corporate interests as debt or stock as well as tax accounting methods. The second chapter presents stock distributions and constructive ownership rules. Chapter 3 focuses on stock redemptions. And, the final chapter presents nonliquidating distributions of property in terms of gain or loss to the distributing corporation followed by a discussion on stock redemptions related to death taxes and the payment of estate expenses. This course is most appropriate for the professional with detailed knowledge of taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify regulations and circumstances related to Code Section 1244 stock;
recognize distributions of stock including constructive dividends and constructive ownership rules;
determine the taxation of redemptions of stock; and
recognize the tax regulations related to redemptions of stock to pay death taxes and estate expenses.