Advanced Corporate Tax
A detailed examination of advanced topics in federal taxation of corporations and shareholders. Among the subjects to be covered are the corporation’s capital structure, redemptions of stock, stock splits and stock dividends, sales of corporate businesses, penalty taxes, and tax-free corporate reorganizations and divisions. Consideration will be given to S corporations as well as to C corporations. Casebook reading will supplement study of the Internal Revenue Code and Treasury regulations thereunder. The course will meet twice a week, one hour per session.
Prerequisite: Income Tax II