Taxation of Business Entities I: Corporations

The course orientation provides a comprehensive overview, offering insights into the structure and content of the program. Learners will gain an understanding of the course's objectives, expectations, and methods of assessment. Additionally, they will have the opportunity to connect with classmates and build a learning community through social media.

Module 1 delves into the origins of taxation, sources of tax law, and the hierarchy of tax law sources. Learners will gain a comprehensive understanding of fundamental features, strategic form choice, and tax entity classification. The module concludes with a knowledge check and an overview quiz.

Module 2 focuses on corporate income taxation, providing insights into income tax formulas, dividends received deduction, organizational expenditures deduction, and regular corporate income tax liability. Learners will also explore topics such as corporate alternative minimum tax, penalty taxes on corporate accumulations, and compliance procedures, concluding with a comprehensive quiz.

Module 3 delves into corporate formation, covering acquisition and disposition, recognition, character, recapture, and non-recognition provisions. Learners will also explore basis determination, built-in loss property, treatment of "boot," and conclude with a quiz to test their knowledge.

Module 4 provides a detailed exploration of corporate formation, including concepts and applications related to assumption of liabilities, property and services, capital contributions, debt versus equity, investor losses, and small business stock. The module concludes with a comprehensive quiz to reinforce learning.

Module 5 focuses on corporate non-liquidating distributions, covering concepts and applications of earnings & profits, cash distributions, property distributions, stock distributions, constructive distributions, and qualified dividends. The module concludes with a detailed quiz to assess learners' understanding.

Module 6 delves into corporate redemptions and partial liquidations, offering insights into stock attribution rules, qualifying stock redemptions, and corporate tax effects. Learners will explore various concepts and applications, concluding with a comprehensive quiz to test their knowledge.

Module 7 provides a detailed exploration of corporate liquidations, covering corporate tax effects, anti-stuffing rules, shareholder tax effects, and parent and subsidiary tax effects. The module concludes with a comprehensive quiz to assess learners' understanding.

Module 8 offers insights into corporate reorganizations, including general requirements and tax consequences related to various types of reorganizations. Learners will explore concepts and applications, concluding with a detailed quiz to reinforce their understanding.