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.
Athena Title
Corporate Tax I
Equivalent Courses
Not open to students with credit in ACCT 5410 or ACCT 7410
Prerequisite
ACCT 5400 or ACCT 7400
Semester Course Offered
Offered fall
Grading System
A - F (Traditional)
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
Syllabus