Course Description: This basic-level course, together with Corporate Taxation Overview -- Part II, is designed to provide a general overview of the taxation of subchapter C corporations. In Part I, the topics covered will focus on the tax consequences, to both the corporation and the shareholder, of certain transactions related to the formation and capitalization of a corporation, as well as the consequences of stock distributions and redemptions during normal operations (nonliquidating). Part II will focus on the tax consequences, to both the corporation and the shareholder, of certain transactions related to the changes in corporate structure or the winding up of the corporate operations either by sale or liquidation. 

 Course Level: Basic 

 Course Prerequisites: None 

 Delivery Method: Self-study

After completing this course you will: 

• be able to identify what entities are taxed as corporations; 
• understand the nature of taxation as a C corporation; 
• be able to distinguish between debt and equity in the context of capital structure; 
• understand when transfers of property to corporations are entitled to nonrecognition;
• understand nonliquidating distributions; 
• understand distributions of stock and stock rights; 
• be introduced to constructive ownership of stock; know the categories of redemptions qualifying for sale or exchange treatment; 
• comprehend the tax consequences of redemptions; and 
• be introduced to consolidated returns.

CPE

2

CLE

N/A