Taxation of Corporations Business Entities
Overview:
Introduction:
The federal income taxation of corporations and their shareholders in the United States is introduced in this training program. It on the requirements of Subchapter C of the Internal Revenue Code that apply to the creation, operation, distribution, and dissolution of corporations, as well as the associated Treasury Regulations and judicial decisions.
Program Objectives:
At the end of this program, the participants will be able to:
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Have a relatively brief summary of a business entity tax topic.
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Specialize in partnership and corporate taxation or are working on an LL.M.
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Expand their practices into business entity taxation.
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Practice in the area of business entity taxation.
Targeted Audience
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Members of the financial accounting team.
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Finance managers and employees in cost and management accounting.
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Budget supervisors.
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Experienced lawyers.
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Financial commitment and participants in the project.
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Members of the acquisition team and investment analysts.
Program Outline:
Unit 1:
Overview of Business Taxation:
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Origins of Taxation.
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Sources of Tax Law.
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Judicial Doctrines.
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Hierarchy of Tax Law Sources.
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Fundamental Features.
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Strategic Form Choice.
Unit 2:
Corporate Income Taxation:
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Income Tax Formulas.
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Dividends Received Deduction.
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Organizational Expenditures Deduction: Concepts.
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Regular Corporate Income Tax Liability.
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Corporate Alternative Minimum Tax.
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Penalty Taxes on Corporate Accumulations.
Unit 3:
Corporate Formation I:
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Acquisition and Disposition Recognition.
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Character Recapture.
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Recapping Recapture.
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Sunchaser Shakery Introduction to Non-Recognition Provisions.
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Non-Recognition Provisions: Concepts Applications.
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Basis Determination & Holding Period: Concepts Applications.
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Built-In Loss Property: Concepts Applications.
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Treatment of “Boot”: Concepts Applications.
Unit 4:
Corporate Formation II:
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Assumption of Liabilities: Concepts Applications.
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Property and Services: Concepts Applications.
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Capital Contributions: Concepts Applications.
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Debt versus Equity: Concepts Applications.
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Investor Losses: Concepts Applications.
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Small Business Stock: Concepts Applications.
Unit 5:
Taxation Considerations:
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Related Corporations Differences.
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Compliance Procedures.