CPAsNET: Taxation of Corporations (TSE.TCC)

Course Description Schedule

Course Overview

The course price reflects the Association discount - no other discounts apply.

Delivery Format: Internet based virtual platform. Attendees should have a computer equipped with a camera to fully participate in the sessions. CPE will be issued by the AICPA. The program will be held over two days earning 8 hours of CPE credit.
Course Information: November 14 – 15, 2018, 12:00 pm – 3:45 pm Eastern
Product #: TSE.TCC
Fee: $255.20 The fee reflects CPAsNET’s partner discount with the AICPA.
A minimum of ten (10) participants are required to hold this program.
Cancellation Policy: If you need to cancel, please contact Cancellations received by Tuesday, October 30 will receive a full refund. Cancellations received after this date will receive a credit with the AICPA equal to half of the registration fee.

Instructor:Bruce Nelson, CPA
EKS&H/ Fort Collins, Colorado

Bruce M. Nelson, MA, is a CPA with over 30 years’ experience in federal and state and local tax (SALT) and is the Director of the SALT group at EKS&H, LLLP. Prior to joining EKS&H, Bruce spent three years with a law firm specializing in tax audit defense and litigation; two years as the Manager of Tax Policy at the State of Colorado; and before that, he was a Senior Tax Manager for several years in a “Big Four” accounting firm.
Bruce earned a Bachelor of Arts degree from the University of Nebraska-Lincoln and a Master’s degree from Colorado State University, and he is a certified public accountant in the state of Colorado. He is a frequent seminar speaker and teaches continuing education classes in state and local tax for the Colorado Society of CPAs and the American Institute of CPAs.
Bruce has published more than fifty tax articles in many publications including the Journal of Accountancy, Tax Executive, Journal of State Taxation, the Journal of Multistate Taxation, State Tax Notes, and Colorado Lawyer. He is the author of The Adviser’s Guide to Multistate Income Taxation and co-author of the Sales and Use Tax Answer Book. Bruce is a member of the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants.

Course Content

When it comes to the benefits of forming a corporation, are S corps or C corps better for your clients? This CPE course will guide practitioners through the numerous concepts and rules applicable to income tax accounting, tax return positions, and disclosures for C corporations and S corporations. In addition, you will receive practical advice on the accounting methods available to a corporation. This course has been updated for Tax Reform.

Key Topics

  • Formation of corporations and Section 1244 stock
  • Income: dividends, interest, rentals, capital gains
  • Salaries, employee benefits, and retirement plans
  • Economic performance and other deductions
  • Net operating losses
  • Personal service corporations
  • Tax rates, AMT, and tax credits
  • Case studies for tax return preparation

Course 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 closely held business.
  • Analyze the best retirement plan recommendation 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.
  • Understand the requirements for reporting Schedule M-3 (book and tax reconciliation for large corporations) and Schedule UTP (uncertain tax positions).
  • Plan for tax-efficient use of corporation net operating losses.
Online Training
Modality: V

Currently there are no training dates scheduled for this course.  Request a date