2011 Corporate Tax Planning

With this 8-hour course you will:

• Analyze the transfer of money, property or both by prospective shareholders and the basic requirements associated with §351
• List the requirements of §1244 and the small business stock exclusion, contrast start-up with organizational expenses, determine the elements of corporate tax recognition including the dangers of corporate ownership, and summarize the capital gains and losses treatment noting dividends received treatment
• Discuss payroll taxes identifying the uses of Form 941, Form W-4, Form W-2, and Form W-3, explain the application of FICA and FUTA taxes and how to report them, and name at least eight employee labor laws that affect employees
• Assess basic fringe benefit planning by defining “income” under §61 and distinguishing former nonstatutory and current statutory fringe benefits
• Identify the requirements and limits of §129 dependent care assistance, define §125 “cafeteria plans” including how it operates, explain the §119 meals and lodging exclusion, outline the mechanics of §105 self-insured medical reimbursement plans, and describe the requirements and limits of §127 programs
• Compare and contrast various business disposition and reorganization possibilities

This interactive course qualifies for 8 hours of CPE for CPAs, PAs, and CFPs; 8 hours of Fed Tax CPE for EAs, RTRPs, and Prov. PTINs; and 8 hours of Fed Tax CTECs; and 6.5 hours of General MCLE credit for California Attorneys. This course has been approved by the California Tax Education Council for 8 federal hours of continuing education credit — CTEC No. 1019-CE-0421 for federal taxes. This course has been designed to comply with the Department of the Treasury’s Director of Practice for Enrolled Agents.

Spidell Publishing, Inc. 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web Site: www.nasba.org. This self-study is designed to meet the requirements for 8 hours of continuing education for the California Board of Accountancy. Basic Level. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.