Life Cycle of a Corporation

Author: Spidell Publishing, LLC

Electronic version only

This product is available as a complete book (federal and CA) without CPE credit. Customers may purchase 7 hours of federal credit or 1 hour of CA credit by also adding the CPE option(s) to their shopping cart before checkout. See descriptions below for more information.

Includes a 132-page PDF manual

Volume I: Check-the-box rules, capitalizing an entity, accounting issues, fringe benefits, capital gains and losses for C corporations; S corporation issues, sting tax, built-in gains (BIG) tax, selling a corporation, and liquidating a corporation.

With this seven-hour federal section, you will be able to:

• Identify differences in how C corporation and S corporation distributions are taxed
• Determine whether a corporation should be capitalized with debt or stock
• Recall when a corporation is classified as a personal holding company
• Determine if a shareholder advance to a C corporation is treated as debt or equity
• Identify the tax treatment when an S corporation distributes appreciated property to its shareholders
• Recall strategies clients can use to help avoid double taxation when a C corporation liquidates

Volume II: California-specific issues

With this one-hour California section, you will be able to:

• Determine taxation when a corporation operates both within and outside California
• Identify protected activities under P.L. 86-272
• Recall California’s safe harbors that would indicate that a foreign corporation is not considered to be transacting business in the state
• Identify the actions that a California suspended corporation is allowed to perform
• Recall the process when a California corporation wants to change its state of incorporation

Course level: Basic
No advance preparation is required.

Want to order by phone? Call us at: (800) 277-2257

This course is designed to meet the requirements for the specified number of hours of continuing education. The federal portion of this course has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury’s Circular No. 230 (Provider No. CRA7E). The federal and California sections of this course have been designed to meet the requirements of the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at 800-277-2257. Spidell Publishing, LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or phone at 877-850-2832, or on the internet at www.CTEC.org.

Spidell Publishing, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for up to 8 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. There are no prerequisites or advanced preparation required.