Federal Corporate Tax: Distributions (Dividends, Redemptions and Liquidations)
Learning objectives
After completing this course, the learner should be able to:
- Define dividends and recognize how dividends are treated and taxed
- Define earnings and profits and recognize how it differs from taxable income
- Calculate the distribution amount and any capital gains
- Recognize the rules related to the dividends received deduction
- Define and recognize the characteristics and tax consequences of redemptions
- Recognize the four tests for redemptions
- Recognize the two treatments for liquidation payments
- Define and recognize the characteristics and tax consequences of liquidations
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