This rapid review of C Corporations examines and explains the major tax characteristics of a C Corporation including formation, operation, penalty taxes, filing requirements, accounting methods and more as a quick review for the advanced professional and a great introduction for a less-experienced professional. In addition, the class will guide participants through the formation rules and elections required to be taxed as an S corporation, the operating issues encountered such as owner fringe benefits, pension plans, reasonable compensation and income allocations. The instructor will also address 20% flow through deduction and concludes with a review of unusual items such as terminating the S election, built in gains taxes, Q-subs and the rare 228 step up election.
S Corporations A-Z: Upon the completion of this course, the student should be able to: Prepare tax returns for S Corporations. C Corporations: Upon completion of this course, you will be able to-Inform clients of the various characteristics and tax implications of the C corporation form of business entity.
Number of Hours:
Knowledge of Tax Law Regulations
Group Internet Based
Number Of Days:
Early Cut Off Date:
Online Group Internet Based ,
CPA (8), EA (8), CFP (8)
NASBA, IRS, Certified Financial Planning Board