# Enrolled Agent Exam [Part 2] 17, C Corporation — Computing Taxable Income

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-17-c-corporation-computing-taxable-income
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-17-c-corporation-computing-taxable-income.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-05-14T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/9920a3b7-9177-456c-99bd-2612697a6e78.mp3
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Duration seconds: 198

## Resource

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

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## Transcript

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