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Charles Herbst, J.D., LL.M.
Corporations are subject to an entity-level tax on the net income of the corporation. In addition, the shareholders of the corporation are subject to income tax on the taxable income that they receive from the corporation.
This course focuses primarily on the shareholder-level tax and how it is computed. It describes the tax effects of distributions of money and property by a corporation to its shareholders, including distributions of profits as well as capital assets.
It also describes the tax effects of shareholders when the corporation is liquidated. The course presumes that you are familiar with the basic workings of the corporate income tax as it applies to the formation and day-to-day operations of a corporation.
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Course Details
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Price: $90.00
Field of Study: Taxes
Prerequisites: Corporate Tax Part 1: Formation and Operation (Second Edition)
Level: Basic
CTEC course number: 1075-CE-5117
Course was last updated on: 02/29/08
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Library:
Learning Center Core
Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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| Credit Available For: |
Units |
| CPE |
6 CPE |
| QAS |
6 CPE |
| Enrolled Agent (Accepted by the IRS) |
6 CPE |
| CTEC Federal |
6 CE |
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Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.
Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.
CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
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