Corporate Taxation

Corporate Taxation (2 credit hours) Prerequisite: LAW 7095 This course will cover the federal income taxation of C and S corporations from formation through distributions and concluding with liquidations. The tax implications to both shareholders and the entity will be examined. The course will cover transfers of property to a newly formed or preexisting corporation, normal distributions, redemptions, converting a C corporation to an S corporation, and the effect of liquidating distributions on both forms of corporations. NOTE: The maximum number of credit hours a student may earn for taking any combination of LAW 7110, LAW 7415 and LAW 7127 is 4.