Practitioners often avoid C corporations due to two levels of taxation: the entity level and the shareholder level. However, for the right taxpayer in the right situation, using a C corporation can provide significant tax savings over other entity options. This course will review how taxpayers can minimize dividend distributions as well as provisions that allow for tax-preferred dispositions or liquidations of C corporation stock.

Learning Objectives

  • Understand the basic taxation of C corporations and their shareholders.
  • Explain the reasonable compensation issues for C corporation shareholders.
  • Describe how C corporations can minimize taxable distributions to shareholders.
  • Explain the tax benefits available to owners of qualified small business stock (QSBS).

Education Information

IRS Program Number: NMVBP-T-00190-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: Federal Tax (IRS)

Credit hours: 2 IRS CE

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies. 

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