CPA, EA, US Business Taxation – Formation of Corporation

CPA, EA Exam Prep, US Business Taxation – Formation of Corporation

Are you ready to unravel the complexities of U.S. business taxation and take a confident step in forming a corporation? This course is your go-to guide, tailored specifically for professionals with a taxation background, to navigate the essential aspects of corporate formation under U.S. tax law.

What You’ll Learn:

• Master IRC Section 351 to understand property transfers in exchange for corporate stock and achieve tax-deferred treatment.
• Grasp the intricacies of liabilities with Section 357(b) and 357(c), including cases where liabilities exceed the property’s basis.
• Explore the tax treatment of stock received in exchange for services, supported by practical examples and case studies.
• Decode controlled groups and closely held corporations, diving into definitions and unique tax considerations.

This course is structured into engaging, digestible video lessons. You’ll start with an overview of the foundational concepts before diving into specific topics like the implications of mortgaged property transfers and the nuances of controlled groups. Each lesson is enriched with clear explanations, practical examples, and real-world applications, ensuring you not only understand the material but can confidently apply it.

Who Is This Course For?
Whether you’re a tax professional, attorney, or business advisor, this course equips you with the insights needed to guide clients or make informed decisions about corporate taxation and formation.

By the end of this course, you’ll be equipped to:

• Confidently structure corporate formations under U.S. tax laws.
• Identify and navigate potential pitfalls, such as liabilities exceeding basis or improperly valued services.
• Understand the tax dynamics of controlled groups and closely held corporations.