C Corporation Taxation:  Review, Refresher, and Update​

CPE Credit: 4 hours

This 4-hour webcast will provide attendees with defining the C corporation, its unique aspects, tax return requirements and filing, and new information as to tax acts, regulations,
and revenue procedures.

Topics Covered

• What is the C corporation?
• Selection of accounting method
• Selection of accounting period
• The corporation as a separate and distinct legal entity
• Advantages of C corporations
• Disadvantages of C corporations
• Businesses taxed as corporations
• 100% trust fund penalty
• Businesses taxed as corporations
• Conversion from or to a corporation
• Reasonable compensation
• Excess retained earnings
• Tax rates
• The Form 1120 (income/deduction reporting) and various schedules
• Double taxation
• Earnings and profits
• IRC §351 transfer
• Like-kind exchanges
• Tangible property options

Learning Objectives:

• Provide the tax practitioner with practical information to assist clients in unique tax
• laws of C corporations.
•  Provide the tax practitioner with information to properly file the corporation tax return
• Provide the tax practitioner with various tips helpful in avoiding conflict with taxing authorities