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Secure Transaction CPE Credits
2 Credits: Taxes
Course Level
Overview
Format
Self-Study
Course Description
The C Corporation Tax Guide self-study CPE course is an indispensable resource for professionals seeking comprehensive knowledge about the tax aspects of C corporations. This course offers a deep dive into the key tax considerations, ensuring you’re well-equipped to handle the intricacies of this popular corporate structure. You’ll gain insight into crucial areas such as the implications of double taxation and the treatment of dividends. The CPE course also sheds light on the deductibility of interest expenses and the identification of disallowed deductions, crucial for accurate tax planning and reporting. Furthermore, it explores the specifics of capital gains and losses and the personal holding company tax, enhancing your ability to navigate complex tax scenarios effectively. By understanding the rules for recognizing charitable contributions and the dividends received deduction, you can advise on strategic financial decisions. The course also provides guidance on identifying deductible expenditures and handling net capital losses, ensuring comprehensive tax management for C corporations. This self-study CPE course doesn’t just teach; it empowers you with the tools and knowledge to maximize the benefits of the C corporation structure for your clients or organization.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS824365541
January 4, 2024
There are no prerequisites.
None
48
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02411-24-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1979
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
