Course ID: | ACCT 7440. 3 hours. |
Course Title: | Corporate Tax I |
Course Description: | The federal taxation of business entities and owners, primarily focusing on corporations and shareholders, for students planning to pursue a concentration in taxation. |
Oasis Title: | Corporate Tax I |
Duplicate Credit: | Not open to students with credit in ACCT 5410 or ACCT 7410 |
Prerequisite: | ACCT 5400 or ACCT 7400 |
Semester Course Offered: | Offered fall semester every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | This course is designed to introduce the tax laws relating to corporations and
their owners. The purpose of the course is to develop an understanding of the
federal income tax rules of the United States as they apply to the formation,
operation, distribution, and liquidation of corporations. In addition, this course
is designed to help students develop an understanding of how these laws relate to
specific client situations and provide written communication with the client
regarding various outcomes and potential tax planning alternatives. |
Topical Outline: | 1. Overview of the Taxation of Corporations and Shareholders
2. Property Transactions
3. Entity Legal and Tax Classification
4. Corporate Income Tax Calculation
5. Book - Tax reporting
6. Non-liquidating Distributions
7. Stock Dividends
8. Redemptions and Partial Liquidations
9. Formation of a Corporation
10. The Capital Structure of a Corporation
11. Taxable Corporate Acquisitions
12. Tax-Free Reorganizations
13. Complete Liquidations
14. Current Issues |