C Corporation Tax Guide

Many organizations use the C corporation structure to raise money and shield their shareholders from liability. In the C Corporation Tax Guide, we describe the key tax aspects of a C corporation, and how it can be used to maximum advantage. Key topics covered include double taxation, the treatment of dividends, the deductibility of interest expenses, disallowed deductions, capital gains and losses, the personal holding company tax, and much more. In short, this course presents a compact discussion of the essential issues related to C corporations.
Format

PDF Course

Level

Overview

Duration

2 Hours

Related Courses
S Corp Tax Guide
Types of Entities

Course Information

Author: Steven Bragg
Course Number: TX1030
IRS Program Number: 72821-T-00082-24-S

Learning Objectives
  • Recognize the situations in which C corporation liability can pass through to the shareholder.
  • Identify the methods used to reduce the effects of double taxation.
  • Specify the circumstances under which the cash basis and accrual basis of accounting should be used.
  • Recognize the types of expenses that qualify as start-up and organizational expenses.
  • State the rules pertaining to the recognition of charitable contributions.
  • Specify the rules pertaining to the interest expense deduction.
  • Identify the circumstances under which the dividends received deduction is relevant.
  • Recognize the types of expenditures that can and cannot be deducted by a C corporation.
  • Specify the rules relating to the recognition of net capital losses.
  • Identify the professions that would use the personal services corporation entity.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Taxes
Prerequisites: None
Advance Preparation: None
Latest Review Date: December 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.