Course Details

Corporate Tax (JD/Gen.LLM)

This 3-hour course is open to 2L and 3L students who have completed the Basic Federal Income Tax course. It focuses on the U.S. federal income tax treatment of corporations and their shareholders, including both "C" corporations (the income of which is taxed at both the corporate and shareholder levels) and "S" corporations (the income of which is generally taxed only at the shareholder level on a "pass-through" basis). Assignments will track the typical "life cycle" of corporations, including choice of entity considerations; transfers of property into a corporation; corporate distributions of property to shareholders (i.e., dividends, stock redemptions and liquidations); and taxable and nontaxable corporate acquisitions. Course materials include relevant provisions of the Internal Revenue Code and underlying Treasury Department regulations; a leading treatise on corporate taxation; and selected case law, Internal Revenue Service revenue rulings and other administrative pronouncements. Class sessions will be based primarily upon discussion of numerous power point slides that illustrate application of the relevant tax principles and rules in specific transactional contexts commonly encountered by tax practitioners. The course grade will be determined based on a final examination as well as classroom participation. This course is designed to provide a basic, yet comprehensive, grounding in an important area of the tax law that is frequently encountered not only by tax practitioners, but also by lawyers who represent clients in transactional and general business-related matters. Note: Course is not open to Tax LLM students. Course cannot be counted towards LLM in Tax or Corporate Tax Certificate. If you have taken Entity Tax you should not enroll in this course.

Catalog Number: BUSCOM 723


Course History

Fall 2017
Title: Corporate Tax (JD/Gen.LLM)
Faculty: Beller, Herbert N. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 12

Fall 2016
Title: Corporate Tax (JD/Gen.LLM)
Faculty: Beller, Herbert N. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 9