Chapter 8: C Corporations

In this section

• Corporate Income Computation & Special Deductions (DRD, Charitable Limits)
  Explore the fundamentals of calculating corporate taxable income, focusing on rules for the Dividends Received Deduction (DRD) and Charitable Contributions, including limitations and practical examples.
• NOL & Capital Loss Utilization; §382 Limitations on Ownership Changes
  Explore C Corporation Net Operating Loss (NOL) rules, capital loss carryovers, and Section 382 limitations triggered by ownership changes, with practical examples and decision-tree diagrams.
• Transactions Between Shareholder & Corporation (Property Contributions, Stock Redemptions)
  Explore the tax implications, corporate-level gains, and shareholder-level consequences of property contributions and stock redemptions in C corporations, while avoiding disguised ‘bailout’ pitfalls.
• Corporate E&P Calculations & Dividend Treatment
  Explore the foundational concepts of Earnings & Profits (E&P), learn how to calculate current vs. accumulated E&P, and understand how these figures affect dividend versus return of capital classifications.