C Corporations Update: Lobster Traps, Lobster Pots and a Whole New Sea of Opportunity

Course Description

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C Corps carry unique blessings and curses of all their own. What of all this new fuss about how S Corps and other entities should switch to C Corps? The Tax Cuts and Jobs Act (TCJA) brought new lower tax rates for some C Corps, yet higher for others. But, there’s a whole lot more to the story. This course kisses and tells about the C Corp rest of the story.

**Please Note:   If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected]‹

Basic Course Information

Learning Objectives

• Demystify the mystery of C Corp or not under TCJA
• Learn 4 situations C Corp better than pass-through (for entrepreneurial business)
• Identify and apply new developments affecting C Corps
• Learn goods and bads of new C Corp tax rate under TCJA
• Break out of double tax lobster trap if you can
• Troubleshoot §163(j) business interest expense deduction limit
• Identify new opportunities now that C Corp AMT has bitten dust
• Recognize tweaks to C Corp charitable contribution rules

Major Subjects

• C Corp new tax developments
• Choice of business entity flipped over on its ear – Or, not?
• C Corp tax rate musical chairs
• C Corp AMT transition issues and blockbuster new opportunities
• C Corp AMT and Buy Sell Agreements
• C Corp income tax structure – More than meets the eye
• Dividends received deduction overhaul
• To Be or Not to Be a C Corp – 4 Reasons
• C Corps w/ justification to retain earnings
• C Corp §1202 (QSBS) stock – A new era begins
• C Corp vs. Pass-Through
• Should You Switch from C to S Corp? TCJA paves road
• TCJA - §163(j) Business interest expense limit – Grab your hat
• 2018 Form 1120 – What’s meaningfully new?

Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor.