Taxation of Business Entities, Part I: Corporations
Overview:
Introduction
The federal income taxation of corporations and their shareholders in the United States is introduced in this course. The course focuses on the requirements of Subchapter C of the Internal Revenue Code that apply to the creation, operation, distribution, and dissolution of corporations, as well as the associated Treasury Regulations and judicial decisions. Practical in-class study challenges help students build a variety of professional skills and attitudes while also discovering technical tax knowledge on their own.
Course Objectives:
At the end of this course the participants will be able to:
- Have a relatively brief summary of a business entity tax topic
- Specialize in partnership and corporate taxation or are working on an LL.M.
- Expand their practices into business entity taxation.
- Practice in the area of business entity taxation.
Targeted Audience
- Members of the financial accounting team
- Finance managers and employees in cost and management accounting
- budget supervisors
- experienced lawyers
- financial commitment and participants in the project
- Members of the acquisition team and investment analysts
Course Outline
Unit1: Overview of Business Taxation
- Origins of Taxation
- Sources of Tax Law
- Judicial Doctrines
- Hierarchy of Tax Law Sources
- Fundamental Features
- Strategic Form Choice
- Tax Entity Classification
Unit2: Corporate Income Taxation
- Income Tax Formulas8m
- Dividends Received Deduction
- Organizational Expenditures Deduction: Concepts
- Regular Corporate Income Tax Liability
- Corporate Alternative Minimum Tax
- Penalty Taxes on Corporate Accumulations
- Related Corporations
- Differences
- Compliance Procedures
Unit3: Corporate Formation I
- Acquisition and Disposition
- Recognition
- Character
- Recapture
- Recapping Recapture
- Sunchaser Shakery
- Introduction to Non-Recognition Provisions
- Non-Recognition Provisions: Concepts
- Non-Recognition Provisions: Applications
- Basis Determination & Holding Period: Concepts
- Basis Determination & Holding Period: Applications
- Built-In Loss Property: Concepts
- Built-In Loss Property: Applications
- Treatment of “Boot”: Concepts
- Treatment of “Boot”: Applications
Unit4: Corporate Formation II
- Assumption of Liabilities: Concepts
- Assumption of Liabilities: Applications
- Property and Services: Concepts
- Property and Services: Applications
- Capital Contributions: Concepts
- Capital Contributions: Applications
- Debt versus Equity: Concepts
- Debt versus Equity: Applications
- Investor Losses: Concepts
- Investor Losses: Applications
- Small Business Stock: Concepts
- Small Business Stock: Applications