Chapter 14: Ongoing Planning for C Corporations

In this section

• Timing of Income & Deductions; Using Fiscal vs. Calendar Years
  Explore key tax considerations in choosing and managing accounting periods, including method changes, deferral of advanced payments, and IRS forms relevant for changing accounting methods.
• Deferral vs. Dividend Planning & Shareholder Compensation Balances
  Explore strategic methods for balancing wages, bonuses, and dividends in C corporations—examining deferral techniques, potential IRS scrutiny, and best practices for shareholder compensation.
• Multi-State & Nexus Considerations; Apportionment & Allocation
  Explore how states determine nexus and utilize various apportionment formulas—such as three-factor and single-sales factor—to calculate a C corporation’s multi-state tax liabilities. Learn to optimize planning strategies and minimize potential risks through real-world examples and clear illustrations.
• Cross-Border Structuring, Branch vs. Subsidiary, Treaty Positions
  Explore key considerations in cross-border structuring for CPA candidates, contrasting immediate branch-level inclusion with deferred subsidiary profits, and examining permanent establishment definitions.