LAW-2619 Corporate Taxation
Corporate Taxation provides a deep understanding of how the U.S. income tax treats the principal transactions that affect the taxable business corporation. The first part of the course will cover the "lifecycle" of the corporation, considering issues such as how the corporation is formed and comes to hold assets, the selection among types of capital securities it can issue, and the various methods of distributing earnings to shareholders. Next, we examine the tax consequences of selling the corporation via either a sale of stock or a sale of assets. The last major block of material will consider corporate reorganization transactions, in which corporations are combined, or a single corporation is divided, or a single corporation is recapitalized or changes form of existence.
The only prerequisite for this course is the Basic Federal Income Taxation course.
Although there is partial overlap between Corporate Taxation and the Taxation of Business Entities course, this course focuses exclusively for all three credits on the tax treatment of taxable business corporations, via a close examination of the IRC and case law analysis. Therefore, students who have taken that course are welcome to take this Corporate Taxation course as well.
Prerequisite
Student has completed any of the following course(s) LAW 2200 - Basic Fed. Income Tax, LAW 2715 - BASIC FED INC TAX, LAW 923 - BASIC FED INC TAX