Course ID: INTCT

Intermediate Corporate Taxation

This course focuses on intermediate level corporate tax topics including distributions, earnings and profits, redemptions, corporate liquidations, penalty taxes, and business credits. The participant will gain a thorough understanding of these rules. The course includes practical application, problem solving, and discussion of planning opportunities.

In-person and live webcast CPE credit: 8.0

Learning Objectives

After completing this course, you will be able to:

Determine the tax consequences of shareholder distributions taxed as dividends.
Calculate a corporation’s earnings and profits to determine the shareholder’s dividend income from a corporate distribution.
Determine the tax consequences of property distributions to the corporation and the shareholder.
Calculate the tax consequences of a redemption for a shareholder of a corporation.
Calculate the tax consequences of a corporate liquidation for the shareholder and the corporation.
Calculate the penalty taxes that apply to corporations if earnings are inappropriately accumulated and not distributed to shareholders.
Calculate the business tax credits available for a corporation.

Major Topics

Distributions taxed as dividends
Earnings and profits
Property distributions
Stock redemptions
Corporate liquidations
Penalty taxes
Business credits

Advanced Preparations

None

Who Should Attend

Third year, seniors, or supervisors

Fields of Study

Taxes

Prerequisites

Entry level corporate taxation knowledge

Provider

Business Learning Institute

CPE Credits

8.0

Level

Intermediate

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