Focuses on the federal income taxation of corporations and shareholders; corporate formation and capital structure; corporate distributions; corporate liquidations; penalty taxes on corporations; partnerships, S corporations. Prerequisite: ACCT 381.
Prerequisite(s) / Corequisite(s):
Most current editions of the following:
Corporations, Partnerships, Estates and Institutions
By Anderson, Pope (Prentice Hall) Recommended
Taxation of Busness Entities
By Spilker, et. al. (McGraw-Hill) Recommended
West Federal Taxation: Corporations, Partnerships, Estates & Trusts
By Hoffman, Raabe, Smith and Maloney (Southwestern College Publishing) Recommended
To gain an understanding of the conceptual framework of the federal tax law for corporations and other business entities.
To understand accounting procedures and tax laws necessary to insure compliance.
To develop an appreciation of techniques used in tax planning.
Identify the sources of tax law and methods of tax research.
Describe the various forms of capital structures and the taxation of each.
Compute a corporation's taxable income and tax liability.
Describe and calculate the taxation of corporate distributions, both liquidating and non-liquidating.
Describe and calculate the Alternative Minimum Tax.
Describe and calculate the tax consequences of corporate acquisitions and reorganizations.
Prepare consolidated tax returns.
Describe and calculate the taxation of partnerships and S corporations.
Describe and calculate the taxation of gifts and estates.
Sources of tax law
Corporate income tax
Alternative Minimum Tax
Corporate acquisitions and reorganizations
Consolidated tax returns
Partnerships and S corporations
Gift and Estate Tax
Recommended maximum class size for this course: 15
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by
the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this
course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical
outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's
subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.