This comprehensive course, developed by Sid Kess, is designed to guide
practitioners through the numerous concepts and rules applicable to
income tax accounting, tax return positions, and disclosures for C
Corporations and S Corporations.
Learning Objectives
Identify the
benefits of forming a corporation
Apply the rules for transfer of
assets and liabilities to a new corporation
Review the accounting
methods available to a corporation.
Understand reasonable compensation
issues with respect to a C Corporation and to S Corporation
shareholder-employees
Analyze the best retirement plan recommend for a
corporation
Recognize economic performance, including issues and
deduction limitations related to bad debts, rent, tax, and interest
expense
Determine the availability of tax credits and other
entitlements related to retirement plans for a corporation
Accurately
apply financial turmoil and bankruptcy rules
Major Topics
Formation of corporation and Section 1244 stock
Income: dividends,
interest, rentals, capital gains
