Corporate Taxation

3 units

This course involves an intensive study of the statutory, regulatory, and case material governing corporate taxation. Topics covered include the tax consequences of: corporate formation, distributions to shareholders, redemptions of stock, corporate liquidations, and taxable and tax-free dispositions of a corporate business (both stock sales and asset sales). The course will focus primarily on problem sets, with discussion of statutory, regulatory, and case materials incorporated into class discussion as appropriate in response to particular problems. Although Federal Income Taxation is not a formal prerequisite for this course, this course is not recommended for students who have not previously taken Federal Income Taxation, unless the student has substantial federal income tax experience. Students who have not taken the introductory tax course are advised to speak with the professor before enrolling. Attendance and participation are required and sanctions will be imposed on serious offenders. The course grade will be based predominately on an in-class, timed final examination.