Upon successful completion of the course, students will be able to: discuss the fundamental concepts of the federal income tax system as applied to corporations, and fiduciaries; prepare tax forms for partnerships, corporations and trusts; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice.
Instruction:
The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: corporations- tax research; corporate formations and capital structure, corporate income tax, corporate non liquidating distributions, other corporate tax levies, corporate liquidating distributions, corporate acquisitions and reorganizations, partnership formation and operation, special partnership issues, administrative procedures, gift tax, estate tax, and income taxation of trusts and estates.
Credit recommendation:
In the upper division baccalaureate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).