Course Description: A survey of the tax consequences for C corporations and their shareholders of womb-to-tomb transactions, which might include formations, acquisitions, divisions, consolidations, and international operations as well as the reporting of book/tax differences. Prerequisites: BSAD 161; Senior standing; Business Administration major, Master of Accountancy student, Business Administration minor, Accounting minor.
Section Description: This course is designed to expand your knowledge of federal tax concepts and rules as they apply in a corporate context. In particular, the course discussions and materials will focus on the tax implications of various transactions for C corporations as well as for their shareholders. Tax accounting often relies on many detailed and changing rules. Nevertheless, by the end of this course, you should understand basic reporting (compliance) requirements and fundamental tax concepts well enough to identify and discuss issues about: - What effects a contribution has for a corporation and its shareholders, - How a corporation determines its taxable income, - How a corporation and its shareholders account for distributions, - What consequences arise from corporate acquisitions, - How multiple corporations report taxable income on a single tax return, and - How international business operations affect a corporation and its shareholders.
|T||13:15 - 16:15||IFSHIN HALL 358|
Instructor(s): Glenn C Walberg
Meeting Dates: 26 Aug 2019 - 06 Dec 2019