C corporation and S corporation taxation each come with a host of benefits, but they're not right for every client. Learn the ins and outs of corporate taxation through an engaging course that's been updated to cover the most salient issues in corporate taxation, including the corporate alternative minimum tax, new and updated tax credits, and the capitalization and amortization of Section 174 specified research or experimental expenditures.
Learning Objectives
- Analyze the tax-saving opportunities and requirements with respect to Section 1244 stock.
- Evaluate whether a change of accounting method is permitted and how to make such a change.
- Determine the corporate net operating loss deduction.
- Recognize various business tax credits available to corporations.
- Identify the features of a parent-subsidiary or brother-sister group of corporations
- Identify issues related to intragroup transactions.
Major Topics
- Formation of corporations
- Section 1244 stock
- Accounting methods
- Income: dividends, interest, rentals, capital gains
- Bad debts, rent, taxes, interest, charitable contributions and casualty losses
- Prohibited payments, lobbying, travel and entertainment
- Net operating losses
- Schedules M-1 and M-3
- Tax credits