What you'll learn
Explore why it is important to compute Earnings and Profits (E&P).
Discover how distributions from a corporation to its shareholders are taxed.
Recognize the difference between taxable income and current E&P, and explore a case study that compares taxable income and Book Income with E&P.
Discover how to compute current E&P.
Recognize the importance of differentiating between Current and Accumulated Earnings and Profits.

Requirements
No advanced preparation or prerequisites are required for this course.

Description
This course covers the Why, When, and How of computing Earnings & Profits (E&P) for Tax Purposes.Why Distributions to shareholders are taxable to the extent of corporate E&P.When Ideally, a corporation should compute its E&P annually.Presumption that distributions are taxable dividends can only be refuted through a computation of E&P.How There is no set formula for computing E&P, thus this course provides much needed insight into that process.Worksheet for computing current E&P is included in the instructions to form 5452.

Overview
Section 1: Introduction

Lecture 1 Introduction to Computing Corporate Earnings and Profits After 2017

Lecture 2 Importance of Computing E&P

Lecture 3 Corporate Distributions

Lecture 4 Computing E&P

Lecture 5 Depreciation Example

Lecture 6 Reporting Requirements

Lecture 7 Case Study

Lecture 8 Taxation of Distributions to Shareholders

Lecture 9 What is the Taxable Dividend

Lecture 10 10 Conclusion

Section 2: Supporting Materials

Lecture 11 Slides: Computing Corporate Earnings and Profits

Lecture 12 Computing Corporate Earnings & Profits Glossary/Index

Section 3: Review and Test

Anyone interested in Accounting, Finance, Tax or related fields.

HomePage:

https://www.udemy.com/course/computing-corporate-earnings-and-profits-for-tax-purposes/

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