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.
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:

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