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via Udemy |
Go to Course: https://www.udemy.com/course/computing-corporate-earnings-and-profits-for-tax-purposes/
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.