Fundamentals of Corporate Taxation

Learning Objectives

After completing this course, you will be able to:

• Recall the tax consequences to the shareholders for a corporate formation.
• Identify the tax consequences of organizational expenses, start-up costs, and syndication costs.
• Recognize taxable income for a corporation including the application of charitable contributions, dividends received deduction, and limitations on deductions.
• Identify other special rules for computing corporate taxable income including capital gains and losses and accounting methods and periods.
• Select the penalty taxes that apply to corporations if earnings are inappropriately accumulated and not distributed to shareholders.
•  Identify the business tax credits available for a corporation.
• Distinguish the tax consequences of shareholder distributions taxed as dividends.
• Identify a corporation’s earnings and profits to determine the shareholder’s dividend income from a corporate distribution.
• Indicate the tax consequences of property distributions to the corporation and the shareholder.

Major Topics

• Formation
• Taxation of costs incident to formation
• Corporate taxable income
• Other corporate tax issues
• Dividends
• Property distributions

Who Should Attend

This course is designed for entry level tax practitioners and any tax practitioner who works with corporate taxation.

Fields of Study

Prerequisites

None

CPE Credits

Level