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 Taxation of Business Entities Part I Corporations TR1917 QR Code
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Taxation of Business Entities, Part I: Corporations



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

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