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Learn about the taxation rules for different entity types, as well as transfer taxes. Get an introduction to the taxation of corporations ("S" and "C"), partnerships taxation, income taxation of estates, trusts and gifts. You also review rules governing formation, operation and disposition of partnerships/corporations.
Course Outline
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Course Objectives
- Diagnose when it is appropriate to seek the advice of lawyers and accountants about the tax consequences of various business decisions
- Broadly interpret the equity and income effects of tax provisions on the economy as a whole and on individual businesses
What You Learn
- Entity types
- Corporate formations
- Capital structure
- Corporate taxes
- Corporate distributions, current and liquidating
- Reorganizations and consolidations
- Partnerships
- S Corporations
- Gift Tax
- Estate Tax
- Income taxation of trusts and estates
- Administrative procedures and issues
How You Learn
- Textbook
- Instructor commentary
- Self-study assignments
- Classroom discussions
Is This Course Right for Me?
The class is designed to aid students who are preparing to take the CPA exam by providing the necessary material for a core understanding of the topics. It will not prepare one for the questions on the exam itself.