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
Understand reasonable compensation issues with respect to a C Corporation and to S Corporation shareholder-employees
Apply the rules for transfer of assets and liabilities to a newcorporation
Review the accounting methods available to a corporation
Analyze the best retirement plan recommend for a corporation
Recognize economic performance, including issues and deductionlimitations related to bad debts, rent, tax, and interest expense
Determine the availability of tax credits and other entitlements relatedto 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
