2012-2013 C & S Corporate Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting corporate taxation.

Follow along with Vern's 63 page manual containing hyperlinks to important rules and regs, included with purchase.

Course Sponsor:Vern Hoven Tax Seminars:
NASBA Sponsor Number: 108250/QAS Sponsor Number: 041

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

Topics Covered

• Alerting you to the IRS's new National Research Program Audits (the audit from hell) on C corporations.
• Understanding the S corporation "losses limited to basis" limitation rules.
• Warning that the S corporation's built-in gain recognition period has been extended from five to ten years.
• Analyzing the IRS's first S corporation "more reasonable" compensation case — and against a CPA of all things!
• Determining when a C corporation creates constructive dividends.
• Analyzing a myriad of exempt organization ruling.
• Examining the 100% exclusion for qualified small business stock gain.
• And, lastly, glancing at the ability of rolling over the gain on Qualified Small Business Stock and currently deducting small business stock losses.

Learning Objectives

• Recognize key tax changes effective in 2012, 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 (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None