Corporate Taxation & Preparation Strategies: What you need to know about C & S Corporations, Pt. 2 

Learning Objectives:
In this course, participants will review the most critical C & S Corporation tax issues encountered upon formation, distribution, liquidation, & taxation. At the conclusion of this session you will be able to define and/or outline the tax treatment of the following items:

• C Corporation:

• Taxation - e.g., Filing requirements, Accrual vs. Cash basis, Estimated payments
• Consolidated tax returns
• Corporate Alternative Minimum Tax
• Accumulated earning tax
• Personal Holding Company
• Corporate distributions - e.g., Constructive and Stock dividends
• Corporate liquidations - e.g., Tax free reorganizations

• S Corporation:

• Electing S Corporation status
• The effect of S Corporation election on a corporation - e.g., Calendar year adoption, LIFO recapture tax
• Effect of S Corporation election on shareholders
• Computing shareholder basis in S Corporation stock
• Taxability of distributions to shareholders
• Terminating an S Corporation election

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Final Examination:
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.