Blog Posts
Adoption Credit
Concise Takeaway The adoption credit is partially refundable and helps taxpayers offset the cost of adopting an eligible child. For 2025, the maximum credit is $17,280 per child, with up to $5,000 refundable. Children with special needs qualify for the full credit...
Corporate Distributions: Tax Treatment and Rules
Corporate distributions can take the form of cash, stock, or property. Under IRC §301, the tax...
Corporate Earnings & Profits (E&P)
Earnings & Profits determine how corporate distributions are taxed to shareholders. Under IRC...
Corporate Tax and Special Corporate Taxes
Flat corporate tax C corporations, including personal service corporations, pay a flat 21% tax on...
Charitable Contributions by C Corporations
C corporations may deduct charitable contributions made in cash or property to qualified...
Dividends Received Deduction (DRD)
The Dividends Received Deduction allows a C corporation to deduct a portion of dividends received...
Special Corporate Tax Provisions
Related‑party rules Section 267 prevents a corporation using the accrual method from deducting...
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