[Free] Cpa, Ea, Us Business Taxation - Formation Of Corporation
Key Consideration in Forming a Corporation – Free Course
What you’ll learn
- – Formation of a Corporation under IRC Section 351
- Rules for the transfer of property in exchange for stock.
- Understanding tax-deferred transfers.
- – Transfer of Property Subject to Indebtedness
- Detailed exploration of Section 357(b) and Section 357(c).
- Implications of liabilities exceeding the basis of the transferred property
- – Services Rendered to a Corporation in Exchange for Stock
- Tax treatment of stock received in exchange for services.
- Practical examples and case studies
- – Controlled Groups and Closely Held Corporations
- Defining and understanding controlled groups.
- Unique considerations for closely held corporations.
Requirements
- Learners should have a basic understanding of taxation concepts. While in-depth experience is not necessary, familiarity with fundamental tax terms and principles will help you grasp the course content more effectively. This course is ideal for students, professionals, or anyone with an interest in taxation who wants to deepen their knowledge. No advanced tools or prior professional experience are required.
Description
This course is designed for tax professionals seeking a detailed and practical understanding of the U.S. tax rules governing the formation of corporations. Focusing on key provisions of the Internal Revenue Code (IRC), it provides clear guidance on how property transfers, liabilities, and services are treated for tax purposes during the incorporation process.We begin with a foundational overview of IRC Section 351, which governs tax-deferred transfers of property in exchange for corporate stock. The course then explores complex areas, such as the impact of liabilities under Sections 357(b) and 357(c), and the tax treatment of stock issued in exchange for services rendered. Special emphasis is placed on identifying when tax consequences are triggered, and how to structure transactions to remain compliant.
In the latter part of the course, we turn to controlled groups and closely held corporations, discussing how their structure affects tax obligations, and reviewing relevant limitations, including passive activity and at-risk rules.Through real-life examples, illustrative scenarios, and IRS-aligned interpretations, this course aims to equip you with both the technical knowledge and practical insight required for advising clients or managing corporate formations in a tax-compliant manner.
What You Will Learn:
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The tax implications of forming a corporation under IRC Section 351
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When a transfer of property qualifies as a tax-deferred transaction
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The effects of liabilities under IRC Section 357(b) and 357(c)
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Tax treatment of stock received in exchange for services
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Definitions and rules applicable to controlled groups
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Special considerations for closely held corporations, including limitations under at-risk and passive activity provisions
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Recognition of gain when additional property or cash is received during formation
Who Should Enroll:
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Tax professionals, enrolled agents, and CPAs seeking deeper knowledge of corporate formation rules
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CMA candidates and tax consultants working with business clients
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Legal and finance professionals who advise on entity structuring and compliance
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Students or practitioners preparing for advanced taxation exams or roles
