C Corporations - Related Party Transactions   Updated

This course presents an in-depth review of related party transactions including determining stock ownership through the related party attribution rules, the tax treatment of expenses paid by accrual-basis corporations to cash-basis taxpayers, criteria for bad debt deductions with related party loans, and income tax consequences for sales of depreciable and nondepreciable assets to related parties. This intermediate level course is most appropriate for the professional with detailed knowledge in C corporation taxation or the professional seeking to expand his or her knowledge base and may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. Scenarios presented in the text, study questions, and final exam questions require calculation and application of the complex rules.