The course examines taxation of corporations and their shareholders. Basic concepts of taxable income from the Federal Income Tax course are assumed to be already known by enrolled students, including basis, calculation of gain and loss, capital gains, and treatment of nonrecognition transactions. Representative transactions covered include the formation of a corporation, distributions to shareholders, redemptions of stock, liquidations of corporations, and corporate reorganizations.
The grade for the course will be based on a final, open book examination.
Prereq: Law 254J, 354J, 454J, 554J (Federal Income Taxation); or 254N, 354N (Federal Income Taxation A); and 254P, 354P (Federal Income Taxation B).
Textbooks ( * denotes required )
Federal Income Taxation of Corporations and Partnerships 5e
*
Doernberg, Abrams, Leatherman
Aspen
,
edition: 5
ISBN: 978-1-4548-2480-0
Lathrope's Selected Federal Taxation Statutes and Regulations, with Motro Tax Map, 2015 (Selected Statutes)
*
Spindler, James C. 