Ch 12: Tax Considerations for Corporations

About This Chapter

From deductions to S corporations, this chapter provides a thorough review of tax processes and requirements for corporations. These lessons are great study resources you can use to prepare for professional certification or academic exams.

Tax Considerations for Corporations - Chapter Summary

Use this chapter to learn more about tax credits, tax structure, penalties and more when it comes to taxation for corporations. You will review various tax practices and procedures that are required by corporations as well as study the tax implications of liquidations and stock redemptions and see the implications of inactively traded securities. Lessons address key term definitions and provide detailed examples so each topic is clarified. Once you have finished your review, you should be able to do the following:

  • Understand how a corporation is created
  • Describe services, property and money transfers relating to corporate stock
  • Discuss taxation and liability of corporations
  • Explain shareholder dividends and distributions
  • Identify special deductions and tax credits for corporations
  • Determine estimated tax payments for corporations
  • Define controlled groups, personal service corporations and S corporation
  • Name the components of S corporations

Consisting of video and text lessons that take just minutes to review, this chapter contains all of the information you would need to know about taxation and corporations. Lessons are conveniently accessible at all times, from any device, so study is made easy for any schedule. Self-assessment quizzes measure what you have retained from each lesson as you move through this chapter.

5 Lessons in Chapter 12: Tax Considerations for Corporations
Test your knowledge with a 30-question chapter practice test
How to Create a Corporation

1. How to Create a Corporation

A corporation is a complex business structure that allows for the separate existence of the business from the individuals that run the business. This lesson explains corporations and how to create a corporation.

Tax Structure and Liability of Corporations

2. Tax Structure and Liability of Corporations

A corporation is a complex business structure with unique characteristics pertaining to taxation and liability. The advantages of a corporation are subject to certain rules. This lesson explains double taxation, limited liability and piercing the corporate veil.

Closely Held Companies & Inactively Traded Securities

3. Closely Held Companies & Inactively Traded Securities

In this lesson, we will define and discuss closely held companies. We'll explain why they often lead to inactively traded securities, and then conclude by discussing the implications of having shares infrequently traded.

Personal Service Corporations: Definition & Tax Implications

4. Personal Service Corporations: Definition & Tax Implications

A personal service corporation is a unique entity type. In this lesson, we discuss its definition, provide a comparison to other entities, describe its formation and explain the associated tax considerations.

What Is an S Corporation? - Definition, Requirements, Advantages & Examples

5. What Is an S Corporation? - Definition, Requirements, Advantages & Examples

This lesson explains what an S corporation is and discusses the advantages of an S corporation. You'll also learn about the requirements of an S corporation and see some examples.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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