UGA Bulletin

Course Description

The federal taxation of business entities and owners, primarily focusing on corporations and shareholders. The tax provisions governing business entities, as well as the impact of those provisions on business decisions and choice of entity form.

Additional Requirements for Graduate Students:
A project.

Athena Title

Taxation II

Equivalent Courses

Not open to students with credit in ACCT 7565E

Undergraduate Prerequisite

ACCT 2101 or ACCT 2101E or ACCT 2101H or ACCT 5400 or ACCT 5400H or ACCT 7400

Graduate Prerequisite

ACCT 2101 or ACCT 2101E or ACCT 2101H or ACCT 5400 or ACCT 5400H or ACCT 7400

Semester Course Offered

Offered fall and spring

Grading System

A - F (Traditional)

Student learning Outcomes

Students will demonstrate a basic understanding of the effects to the owner and entity as a result of contributions to and distributions from the entity as well as sales of ownership interests.
Students will determine the impact of entity operations on the owner and entity.
Students will prepare entity tax returns and planning projects.
Students will distinguish the differences between corporations, partnerships and S-corporations.

Topical Outline

Working with the Federal Tax Law
Corporation operating rules and capital structure
Corporation dividend distributions and redemptions
Corporate reorganizations and additional taxes
Partnership formation, operation and distributions
S Corporations - qualifications and operating rules
Federal gift and estate taxation
The income taxation of estates and trusts

Institutional Competencies Learning Outcomes

Analytical Thinking

The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.

Syllabus

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