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

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

Tax attributes and consolidated tax return (CTR) issues

Understand the transactions that trigger Sec. 382 loss limitations and determine how to apply the limitations in a non consolidated and in a consolidated context. Also, determine and apply the tax implications of computing consolidated taxable income and filing consolidated tax returns.

Use and apply IRC and Treasury Regulations

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