Taxation of Corporations and Shareholders
This course focuses on the fundamental concepts of federal income taxation that apply to corporations and shareholders. A ¿cradle to grave¿ organizational approach is used, emphasizing organization and capital structure of the corporation, dividends and other distributions, stock redemptions, corporate divisions, taxable and tax-free mergers and acquisitions, and liquidation of the corporation. The objectives of the course are not to make students ¿tax experts,¿ but to sensitize them to the tax implications of transactions involving corporations and shareholders so that, as business managers, entrepreneurs, or advisers, they can spot the tax concerns or opportunities, identify the major tax issues, ask good questions of the ¿tax experts,¿ and understand the answers received as a critical step in making business and financial decisions that maximize wealth. To help students understand and become conversant with the fundamental concepts of federal income taxation, the instructor uses a problem-oriented approach that requires students to apply the more important principles of tax law to discrete factual situations. Prerequisite: Mgt. 311 or consent of the instructor. Mgt. 412 is highly recommended. 
Please Note: Not all courses are scheduled each semester. Complete class schedules are available upon enrollment.