ACC 561
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Corporate Taxation 1
Course Description
Federal income taxation of corporations and shareholders.
When Taught
Winter
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Other Prerequisites
Admission to MAcc
Title
Corporate nonliquidating distributions
Learning Outcome
Understand the tax consequence of corporate distributions to the distributee shareholders and the distributing corporation.
Title
Corporate redemptions
Learning Outcome
Understand the tax consequences of corporate redemptions to the distributee shareholder and the redeeming corporation
Title
Use and apply IRC and Treasury Regulations
Learning Outcome
Learn to use and apply the Internal Revenue Code and Treasury Regulations to solve complex tax problems
Title
Tax attributes and consolidated tax return (CTR) issues
Learning Outcome
Understand the transactions that trigger Sec. 382 loss limitations and determine how to apply the limitations in a non consolidated and in a consolidated context. Also, determine and apply the tax implications of computing consolidated taxable income and filing consolidated tax returns.
