$100 – Members (with member discount code)
$125 – Non-Members
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PROGRAM DESCRIPTION: Everything you always wanted to know about C Corporations (but were afraid to ask)
IRS Program: QSRNU-T-00665-24-O
Using iterative examples, this course will examine the taxation of C Corporations and shareholders from inception to dissolution including contributions, both cash and in-kind contributions, earnings and profits, redemptions, and liquidations, death of a shareholder, redemptions to pay the estate tax, accumulated earnings tax, Section 1244 stock, Section 1202 stock, and an array of other items. We will discuss reasonable compensation, strategies for avoiding the double taxation of C Corporation taxable income, as well as discuss generally so-called advantages and disadvantages of a C Corporation over an S Corporation. The course will also examine the consequences of an inadvertently terminated S Corporation. Finally, the course will run through an example of a C Corporation from inception through liquidation including the filing of an initial and final tax return.
Learning Objectives:
- Learn about C Corporation taxation through iterative examples
- Understand impact of contributions, earnings and profits, redemptions, and liquidations
- Understand Section 1244 and 1202 stock provisions
- Discuss reasonable compensation guidelines
- Learn strategies for avoiding double taxation
- Learn about advantages and disadvantages relative to an S Corporation
- Learn consequences of an inadvertently terminated S Corporation
Participants earn up to 2.0 CE/CPE credits.
Prerequisites: Basic knowledge of federal taxation in the U.S.
Program Level: Basic/Intermediate
ABOUT THE PRESENTER
As a former senior manager, with a “big six” public accounting firm, Darryl has a vast array of experience in federal taxation of individuals, small businesses including partnerships, S corporations, closely held C corporations as well as large public companies. As a former college professor, he has an extensive background in teaching, researching, and writing about issues pertaining to the same areas of federal tax law including financial reporting and accounting for income taxes, and financial accounting, intermediate accounting, advanced accounting, financial statement analysis, and advanced corporate finance. In addition to his thirty years of tax practitioner experience and twenty years of tax and accounting teaching experience, Darryl is an Enrolled Agent (EA) and a Certified Public Accountant (CPA). Darryl’s academic pedigree includes a Bachelor of Science degree in Accountancy and a Master of Science in Taxation from Bentley College (now Bentley University); he holds a Master of Science in Accounting and a Ph.D. in Accounting and Taxation with a minor in Finance, from The University of Arizona. His vast background in both the practitioner and academic worlds permits him to deliver optimal solutions for his clients with a view toward maximizing after-tax cash flows. Darryl is an active member of the following professional organizations: NAEA, ISCPA, MSCPA, AICPA, ABA-Tax Section.
REFUND POLICY
Refunds will be honored if written notification is received at the Administrative Office within 5 business days of the webinar. A processing fee of $25 will be deducted from the refund. Cancellations within 5 business days of the webinar will not be accepted. Substitutions are allowed if received 48-hours prior to the start of the webinar. "No shows" forfeit their fees.
CANCELLATION
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.
COMPLAINT RESOLUTION
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator at admin@vasea.org.
Questions
Contact the VASEA Administrator at admin@vasea.org
