Corporate Tax Planning 2026-27

Overview

This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often-overlooked fringe benefits, retirement planning opportunities, corporate business deductions, income-splitting possibilities, and little-known estate planning techniques. The program covers step-by-step tax procedures for forming, operating, and ultimately disposing of a closely held corporation. The distinctions between S and C corporations will be explained, and guidelines for client direction will be provided.

Highlights

Business Forms & Characteristics
•   Corporate Formation & Capitalization
•   Corporate Principals & Employees
•   Basic Fringe Benefits
•   Business Entertainment
•   Insurance
•   Retirement Plans
•   Nonqualified Deferred Compensation
•   S Corporations
•   Business Dispositions & Reorganizations

Prerequisites

General understanding of federal income taxation.

Objectives

• Identify the transfer of money, property, or both by prospective shareholders and the basic requirements associated with §351.
• Recognize the differences between start-up and organizational expenses, and identify the elements of corporate tax recognition including capital gains and losses.
• Specify the requirements for corporate charitable contributions and determine how to avoid §541 status.

Preparation

None.