2014-2015 C & S Corporate Federal Tax Update (Currently Unavailable)

Author: Vern H., Ron Roberson

Discuss how corporate inversions impact the tax preparer and which cases and rules affect corporate taxation. This course also identifies numerous tax issues and provisions impacting your clients' or employer's tax returns.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Review how corporate inversions impact the tax preparer.
• Discussing how S corporation "more reasonable compensation" cases are hitting the courts.
• Warning that the five-year Built-In Gain recognition period has been extended, but only through the end of 2013.
• Studying the two major S corporation "losses limited to basis" cases.
• Reviewing when exempt organizations need to file, and which exempt organizations can use the IRS' new streamlined approach.
• And determining when a C corporation creates nondeductible constructive dividends.

Learning Objectives

• Recognize key tax changes affecting the taxation of C corporations and S corporations.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None