Jun 26, 2022  
2022-2023 Cal State East Bay Catalog (BETA) 
2022-2023 Cal State East Bay Catalog (BETA)
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ACCT 631 - Federal Taxation of Corporations and Flow-Through Entities

Units: 3
In-depth study of tax issues related to the corporate form and the corresponding tax implications for shareholders.  This includes the federal taxation of entities such as C Corporations, S Corporations, Partnerships, Trusts and Estates, and Tax-exempt organizations. 

Prerequisites: ACCT 612 with grade C or better.
Equivalent Quarter Course: ACCT 6202.
Possible Instructional Methods: Entirely On-ground, Entirely Online, or Hybrid.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

  1. Analyze multifaceted tax problems in C corporations such as dividend distributions, redemptions, liquidations, reorganizations and consolidated tax returns.
  2. Evaluate tax problems involving partnership distributions, withdrawal of a partner, sales or exchanges of partnership interests, and dissolution of a partnership.
  3. Analyze shareholder transactions with an S corporation to explain the impact on the shareholder’s basis for federal income tax purposes.
  4. Formulate tax-planning strategies to minimize gift taxes for federal gift tax purposes.
  5. Design tax-planning strategies to minimize estate taxes for federal estate tax purposes.
  6. Identify tax-planning opportunities for tax-exempt organizations.

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