Corporate Taxation

Prerequisite class work: Introduction to Income Taxation or, with the professor s permission, Introduction to Income Taxation as a co-requisite.

This course covers the fundamentals of the federal income tax as it applies to businesses life cycle from their formation through the distribution of businesses earnings. Its focus is on the most common business entities: C corporations (which are taxed at the corporate level), partnerships (both general partnerships and limited partnerships), and S corporations (electing small business corporations, which generally experience pass-through taxation). This course is comparative, illustrating the pros and cons of entities tax characteristics as among these three entity choices. Class grades will primarily be determined based on students performances on several writing projects distributed throughout the semester. Each student s final grade will be subject to a maximum 1/3 letter grade adjustment, up or down, for classroom participation or lack thereof, respectively.