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Fed Corp Income Tax (LAW-639-001)
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This course focuses on the tax treatment of corporations and their owners that arises in connection with the “Life Cycle of a Corporation.” Specifically: 1. Formation of a corporation: what are the tax consequences when one or more people: • form a new corporation? or • transfer assets to an existing corporation? 2. Income from Operations and Treatment of Distributions • What is the tax treatment of dividends and other distributions made to shareholders, and redemptions of shareholders? 3. Liquidations: • what happens when a corporation terminates its business operations, and distributes its remaining assets to its shareholders? 4. Reorganizations: • What happens when two (or more) corporations merge their operations? • What happens one corporations acquires the stock or assets of another corporation?
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check here to determine if books are currently available for purchase online.
The casebook for this course is Schwartz and Lathrope, Fundamentals of Corporate Taxation (2012). In addition, a current copy of the selected Internal Revenue Code provisions and regulations is required for the course. A copy of the Selected sections of the Internal Revenue Code containing the relevant provisions of the Code and regulations has been ordered for the course and should be available in the bookstore, but you may use any source that contains these provisions.
First Class Readings
For the first class meeting, please prepare topics I.A and I.B from the syllabus. In addition, please prepare problems 1-4 on the syllabus. We may not finish these problems, but we might.
The syllabus is available in the following format(s):