Corporate Taxation

3 credits · Law School

A basic study of the federal income taxation of domestic corporations and their shareholders, including the mechanisms for and consequences of corporate formation and capitalization; cash dividends and property distributions; common and preferred stock dividends; liquidations; redemptions; taxable asset and stock acquisitions; and tax-free reorganizations. Time permitting, we will briefly explore the taxation of "Subchapter S" corporations as an example of the alternative “pass-through” taxation approach. Prerequisite: Federal Tax Law. [3]