Course ID: ADVCT

Advanced Corporate Taxation

This course focuses on corporate tax issues for related corporations. We cover the rules for controlled groups and affiliated groups that elect to file a consolidated return. The course also reviews qualified tax-deferred reorganizations including the tax consequences to the corporations and shareholders. Planning implications around limitations on using NOLs and earnings & profit after a merger are also explained.

In-person and live webcast CPE credit: 4.0

Learning Objectives

After completing this course, you will be able to:

Assess appropriate restrictions to tax benefits for controlled groups.
Evaluate rules for filing consolidated tax returns.
Predict the tax consequences of a reorganization for the acquiring corporation, acquired corporation, and the acquired corporation’s shareholders.
Assess the required limitations that apply to an acquiring corporation’s ability to use the earnings and profits and net operating losses of the target corporation after a qualified reorganization.

Major Topics

Controlled groups
Consolidated tax returns
Tax-free reorganizations
Limitations on use of NOLs and earnings & profit

Advanced Preparations

None

Who Should Attend

Senior staff and managers

Fields of Study

Taxes

Prerequisites

Foundational principles of corporate taxation and property transactions

Provider

Business Learning Institute

CPE Credits

4.0

Level

Advanced

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