Corporate Taxation 1

Corporate Taxation 1
Federal income taxation of corporations and shareholders.
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesACC 523
Course Outcomes

Contributions to controlled corporations

Understand the tax consequences of contributions to controlled corporations. This includes the tax consequences of the transferor shareholders and the transferee corporation.

Corporate nonliquidating distributions

Understand the tax consequence of corporate distributions to the distributee shareholders and the distributing corporation.

Corporate redemptions

Understand the tax consequences of corporate redemptions to the distributee shareholder and the redeeming corporation

Corporate liquidations

Understand the tax consequences of corporation distributions in complete liquidation to shareholders and the liquidating corporation.

Taxable corporate acquisitions

Determine the tax consquences of a taxable acquisitions of a corporation to both the acquiring and acquired corporations

Use and apply IRC and Treasury Regulations

Learn to use and apply the Internal Revenue Code and Treasury Regulations to solve complex tax problems