Training Course Syllabus:
Objectives of the Presentation
Understand how a C corporation is formed and capitalized
Gain confidence in calculation and reporting of a C corporation dividend
Understand issues affecting personal service corporations (PSCs)
Recognize transactions eligible for the qualified small business stock exclusion
Increase awareness of advantages and disadvantages of the C corporation
How to effectively secure and/or retain fiscal years for various types of C corporations
Managing passive activity losses in the C corporation
Why Should you Attend
This session with taxation expert Vicki Mulak EA, CFP®, will explore the various phases of a C corporation´s life - from how it comes into existence to how it is maintained as a state law entity. Vicki will focus on return preparation issues including managing start-up costs, capitalization, shareholder compensation, net income for book and tax, net operating losses and dividends. You will get examples of common scenarios with calculations and completed tax forms.
Personal service corporations (PSCs)
Accumulated Earnings Tax (AET)
Extension of time to pay taxes for current year due to NOL carry backs
C corporation as a "real estate professional"
Corporate conversions to other business entity types