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.
- 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).
IRS Program Number: NMVBP-T-00190-21-S
Length: 100 minutes plus optional question-and-answer session (no CE)
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.