Topics for Corporate Taxation Certification

The following tax certification material is what a tax professional should know to be considered well-learned in corporate tax matters. The tax professional who has successfully attained the following knowledge, we believe, will have demonstrated sufficient competence in corporate taxation.

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In our effort to comply with and support efforts in the improvement of tax professional education and the actual profession, we have created this tax training program for you. Corporations are taxed in two different ways. S corporations are generally disregarded for tax purposes, with the corporation's income taxed as if it were earned directly by the shareholders. All other corporations are treated for tax purposes as taxpayers separate and distinct from their shareholders. Therefore, corporations are either taxed either as a passthrough entity or as a separate entity. Upon completion of this corporate taxation course, we will issue you a frame-able professional certificate of completion. Tax professionals who have studied well and who successfully complete this corporate tax course in a diligent manner will be able to prepare tax returns involving corporate tax returns with confidence.

   

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List of Topics                                                                                                                                                     Exams are cumulative.  

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    Topic Name                                                  
     
     
CHAPTER 1 Introduction to Corporate Tax
CHAPTER 2 Taxation of S Corporations
     
CHAPTER 3   Taxation of C Corporations
     
CHAPTER 4   Substance vs. Form
     
CHAPTER 5   Ordinary Distributions
     
CHAPTER 6   Redemptions
     
CHAPTER 7   Transfers to Controlled Corporations
     
CHAPTER 8   Redemptions Involving Related Corporations
     

Mid-Term

   
     
CHAPTER 9   Stock Distributions and Preferred Stock Bailouts
     
CHAPTER 10   Taxable Corporate Acquisitions and Liquidations
CHAPTER 11 Nondivisive Reorganizations
     
CHAPTER 12   Divisive Reorganizations
CHAPTER 13 Limitations on Net Operating Loss Carryovers
     
CHAPTER 14   Consolidated Returns
    Accounting & Business Ethics
     
Final    
     
   

 

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Revised: 04/25/14