C Corporation Tax Guide

Master the tax rules that govern C corporations and use the structure strategically. This course explains double taxation, dividend treatment, interest deductibility, disallowed deductions, and the taxation of capital gains and losses. Learn how the personal holding company tax applies and how to structure transactions to optimize tax outcomes. Gain a focused, practical understanding of the key tax issues that shape planning and compliance for C corporations.

Format

PDF Course

Course Lists

Duration

2 Hours

Course Information

Author: Steven Bragg

Course Number: TX1030

IRS Program Number: 72821-T-00082-24-S

Learning Objectives

Recognize the situations in which C corporation liability can pass through to the shareholder.
Identify the methods used to reduce the effects of double taxation.
Specify the circumstances under which the cash basis and accrual basis of accounting should be used.
Recognize the types of expenses that qualify as start-up and organizational expenses.
State the rules pertaining to the recognition of charitable contributions.
Specify the rules pertaining to the interest expense deduction.
Identify the circumstances under which the dividends received deduction is relevant.
Recognize the types of expenditures that can and cannot be deducted by a C corporation.
Specify the rules relating to the recognition of net capital losses.
Identify the professions that would use the personal services corporation entity.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Taxes

Prerequisites: None

Advance Preparation: None

Latest Review Date: December 2024

Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.