Course Information

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Passive Investment Companies: State Tax Planning Strategy
Author: Joseph A. Robinson, Jr.

Description:

This course examines the tax-planning strategy of using passive investment companies (PICs) to save on state income taxes. Many state revenue officials believe that companies are not paying their fair share of income taxes because they use intricate corporate structures and complicated intercompany transactions to reduce their tax burdens. The use of passive investment companies as a tax-planning strategy can be effective if implemented properly.

Topics covered in this course include:

  • State Initiatives
  • What is a PIC?
  • Two Sets of Books
  • State Income Tax Reporting
  • PICs for Planning Purposes
  • Nexus

Course Details:
Price:  $30.00
Field of Study:  Taxes
Prerequisites:  Basic understanding of passive investment companies
Level:  Intermediate
Advanced Preparation:  None
CTEC course number:  1075-CE-5157
Course was last updated on:  05/14/08
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Library:
State Taxation

Technical Requirements:
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE
CTEC California 2.0 CE

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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