Study of the philosophy behind corporate taxation, environmental factors affecting tax law development, accessing & applying tax rules to corporate settings, and research sources of tax rules to solve corporate tax issues. The course introduces the tax rules on capital structure, corporate earnings & profits and their distributions, deductions, alternative minimum tax, stock redemptions and liquidations, reorganization, consolidated tax returns, cross-border transactions, partnership and distributions of its income, S-corporation, corporation's book income tax expense, and tax-exempt organizations.
- Teacher: Temple, James