|
|
|
|
|
|
|
|
|
|
Course Criteria
Add courses to your favorites to save, share, and find your best transfer school.
-
3.00 Credits
Examines the tax environment experienced by U.S. companies and individuals doing business outside of the United States. Foreign tax systems are studied, together with our tax treatment of U.S. Nationals who are subject to foreign tax jurisdictions. The impact of tax treaties also will be examined.
-
2.00 Credits
Federal income tax provisions relative to organizations qualifying for exempt treatment are studied with emphasis on Section 501 (c)(3); also examined are private foundations, the taxation of a business income, unrelated exempt organizations, and the deduction for charitable contributions.
-
2.00 Credits
Reviews the federal income taxation of corporations filing consolidated income tax returns: eligibility, taxable years, intercompany transactions, special limitations, capital gains and losses, consolidated tax liability and credits, earnings and profits, intercompany distributions, investments in affiliates, excess loss accounts, deemed dividend elections, and preparation of the return are considered.
-
2.00 Credits
A review of the taxes imposed on businesses and individuals by state and local taxing authorities: the basis upon which various taxes are imposed, and the manner in which they are determined and paid, with particular emphasis on taxes in Pennsylvania. Procedural matters at the state and local levels--including the organization, structure, and operation of state and local agencies which process returns and collect tax, and appeals to administrative bodies and judicial boards--also are studied.
-
2.00 Credits
Examines in detail the elective formation, operation, and dissolution of S Corporations; the effect of transactions at the corporate level and between the corporation and its shareholders is considered; S Corporation alternatives such as partnership, limited liability company, and sole proprietorship are compared. Planning opportuni- ties and the penalty taxes commonly avoided under S elections are discussed.
-
2.00 Credits
How the Internal Revenue Service performs the various functions assigned to it under law, with special emphasis on the collection process, IRS audit procedures, and the appeals process. Reference is made to the Internal Revenue Manual, which IRS agents use as their guide.
-
1.00 - 3.00 Credits
See Tax Program Coordinator for details.
-
2.00 Credits
Deals with how the tax law treats derivative financial instruments such as options and futures contracts, swaps, (both equity and interest rate types), REMICs and other hybrid type instruments entered into with financial intermediaries either to hedge a business risk or to simply bet on future changes in the market. Issues include the timing (i.e., when is income or loss on the instrument recognized, by either mark-to-market or realization accounting), character of the income or loss as capital or ordinary, and source (foreign or domestic) of the derivative financial instruments. Tax law rules dealing with these issues include SS 1234, 475, the notional principal contract regulations, and the contingent debt regulations. The law is silent as to certain instruments (e.g., prepaid forward contracts), so the course will address not only the tax rules we have but also the rules we should have, where no current rules exist.
-
2.00 Credits
The accumulation of significant wealth has prompted the emerging need for transfer strategies and techniques. The term estate planning means the process of planning the accumulation, conservation and distribution of wealth in a manner that efficiently accomplishes a client's tax and other objectives. In this course, the strategies and techniques for transferring wealth with minimal tax consequences consistent with the client's prioritized goals will be explored.
-
1.00 - 3.00 Credits
Provides the student with meaningful experience in a professional work environment in the field of taxation. Internship responsibilities must be approved in advance by a faculty sponsor and the Tax Program Coordinator. Grading is Pass/Fail. Limited to full-time students.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Privacy Statement
|
Terms of Use
|
Institutional Membership Information
|
About AcademyOne
Copyright 2006 - 2024 AcademyOne, Inc.
|
|
|