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Self-Study — Course Detail

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Taxation of Business Entities: Advanced Issues
Robert Keebler
Copyright© 2011

Course: 8112276   Version 1202

NASBA Category:     Taxes     CPE Credits 3
Level: Intermediate    Run Time: 2.0 Hours
Prerequisite: Basic Experience in the taxation of business entities.
Advance Preparation: None.
IRS Program Nbr: 0MYXB-T-00095-12-S



Course Description
Students often view corporate tax as the most difficult class in their law school or graduate tax program curriculum. This informative course provides a comprehensive overview of C corporation taxation with numerous charts and examples to make the concepts easier to follow. The course covers the following topics:

• Regular corporate tax liability
• Corporate formation
• Capital structure
• Non-liquidating distributions
• Redemptions and partial liquidations
• Stock dividends, recapitalizations, and §306 stock
• Complete liquidations
• Taxable dispositions of a corporate business
• Reorganizations
• Collapsible corporations
• Personal holding company tax
• Carryover of tax attributes
• Accumulated earnings tax
• Affiliated corporations


Table of Contents

Learning Objectives
Upon successful completion of this course, participants will be able to:
  • Section 1
    • Determine whether a contribution of property to a corporation meets the requirements of IRC §351.
    • Calculate the tax consequences for transfers of property in a §351 transaction, and calculate a corporation’s earnings and profits.
    • Explain the rationale for exceptions to non-recognition treatment under IRC §351, and distinguish whether redemptions should be treated as sales or exchanges or as dividends.
  • Section 2
    • Calculate the amount that qualifies for sale or exchange treatment under IRC §303.
More Learning Objectives




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