Browse Taxation and Regulation (REG)
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- 9.1 Rights, Duties, and Liabilities of Debtors, Creditors, and Guarantors
- 9.2 Bankruptcy Basics and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
- 9.3 Secured and Unsecured Transactions under the Uniform Commercial Code (UCC)
- 9.4 Priorities, Perfection, and Enforcement of Security Interests
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- 14.1 Items Included in Gross Income (Wages, Dividends, Pensions)
- 14.2 Interest Income and Dividends (Taxable vs. Non-Taxable)
- 14.3 Capital Gains and Losses (Short-Term vs. Long-Term)
- 14.4 Exclusions (Gifts, Inheritances, Life Insurance Proceeds, Scholarships)
- 14.5 Kiddie Tax (Unearned Income of Minor Children)
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- 15.1 Adjustments to Arrive at Adjusted Gross Income (Self-Employed Expenses, IRAs, HSAs)
- 15.2 Itemized Deductions (Medical, Taxes, Interest, Charity, Casualty)
- 15.3 Tax Credits (Refundable vs. Nonrefundable)
- 15.4 Qualified Business Income Deduction (QBI)
- 15.5 Filing Status and Estimated Tax Payments
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- 19.1 Computation of Taxable Income and Tax Liability
- 19.2 Allowable Credits and Deductions
- 19.3 Capital Structure and Transactions Between Corporation and Shareholders
- 19.4 State and Local Tax Considerations, Nexus, Apportionment
- 19.5 Net Operating and Capital Losses (Carryback/Carryforward)
- 19.6 Consolidated Returns: Eligibility, Elections, and Intercompany Transactions
- 19.7 International Tax Concepts (Foreign Branch vs. Subsidiary, GILTI, FDII, BEAT)
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- 20.1 Ordinary Business Income (Loss) and Separately Stated Items
- 20.2 Eligibility and Election Requirements; Revocation and Termination
- 20.3 Shareholder Basis: Stock and Debt Adjustments
- 20.4 Built-In Gains Tax, Passive Investment Income, and AAA vs. E&P
- 20.5 Distributions (Liquidating vs. Nonliquidating)
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- 21.1 Ordinary Business Income (Loss) and Separately Stated Items
- 21.2 Partnership and Partner Elections (Tax Year, Basis Adjustments)
- 21.3 Partner’s Basis Computations, Recourse & Nonrecourse Debt
- 21.4 Transactions Between a Partner and Partnership (Services, Sales, Property)
- 21.5 Ownership Changes and Allocation of Liabilities
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- 31.1 Ethics, Professional Responsibilities, and Tax Procedures
- 31.2 Advanced Individual Tax Compliance and Planning
- 31.3 Entity Tax Compliance (C Corps, S Corps, Partnerships)
- 31.4 Entity Tax Planning (Formation, Liquidation, Restructuring)
- 31.5 Property Transactions, Nontaxable Exchanges, Depreciation Recapture
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Chapter 19: C Corporations
In this section
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Computation of Taxable Income and Tax Liability
A comprehensive exploration of how C corporations compute taxable income and tax liability under the Internal Revenue Code, including gross income, deductions, and Earnings & Profits (E&P) considerations.
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Allowable Credits and Deductions
Explore key corporate tax deductions and credits, including R&D and the foreign tax credit, and learn about typical credit ordering rules for C corporations.
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Capital Structure and Transactions Between Corporation and Shareholders
Explore how dividends, redemptions, stock basis adjustments, and debt vs. equity rules affect taxation for C corporations and their shareholders.
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State and Local Tax Considerations, Nexus, Apportionment
Explore how C corporations establish nexus, apply state apportionment formulas, navigate throwback rules, and comply with PL 86-272.
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Net Operating and Capital Losses (Carryback/Carryforward)
Learn the rules for carrying back and carrying forward net operating and capital losses for C corporations, including distinctions between pre-2018 and post-2017 losses, special elections, and practical examples.
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Consolidated Returns: Eligibility, Elections, and Intercompany Transactions
A comprehensive overview of consolidated filing procedures, group membership rules, and intercompany eliminations under U.S. federal tax law. Learn how affiliated groups elect, maintain, and optimize consolidated returns while navigating complex intercompany transactions.
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International Tax Concepts (Foreign Branch vs. Subsidiary, GILTI, FDII, BEAT)
Learn the key distinctions and strategies for operating internationally through a foreign branch or subsidiary, and delve into core U.S. international tax provisions like GILTI, FDII, and BEAT.
