AC 412 - Taxation of Business Entities

Institution:

Loyola University Maryland

Subject:

Description:

Prerequisite: AC202 or BH202, EC102, EC103, EC220. The study of four related themes of federal entity taxation. The first theme involves the structure of federal income taxation. Topics include the determination of gross income, business deductions, and business losses. The second theme involves the taxation of business enti- ties. Topics include corporate formation, capitalization, operation, and dividend distributions; partnership for- mation and operation; and subchapter S election and operation. The third theme deals with special business topics, which include multi-jurisdictional taxation, the corporate alternative minimum tax, and taxation of proprietorships. The fourth theme covers the basics of corporate liquidations and reorganizations. Addi- tional topics include a comparative analysis of the vari- ous forms of doing business and an introduction to tax research. The Internal Revenue Code and Regulations are an integral part of this course. (Fall only)

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.loyola.edu

Phone Number:

(410) 617-2000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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