This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- How to calculate the 10% limitation for corporate charitable contributions based on modified taxable income.

- The three ownership tiers for the Dividends-Received Deduction (DRD) and how they determine the deduction percentage (50%, 65%, or 100%).

- The critical difference in capital loss treatment: corporations can only offset capital gains, unlike the individual $3,000 deduction against ordinary income.

- The carryover rules for corporate net capital losses, which are carried back 3 years and forward 5 years as short-term losses.

- The modern rules for Net Operating Losses (NOLs), which are carried forward indefinitely but limited to 80% of taxable income.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep