C Corporations-Accounting for Special Income and Deduction Items  

Benefit from a review of the basics of gross income inclusions and exclusions as well as special areas of income and deductions applicable to C corporations in determining taxable income. Topics covered in this course include selection of an accounting method for income and expense recognition; treatment of corporate capital gains and losses; deductions for charitable contributions of cash, ordinary income, and capital gain property; excessive compensation resulting from excess parachute payments; publicly held company limitation on excess compensation deduction; bad debt expense; and other corporate-related expenses. This intermediate-level course is most beneficial to professionals with detailed knowledge in corporate federal income taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.