Accounting 560/Business Law 560

Taxation of Corporations and Not for Profit Entities

May Evening 2000

 

 

Classroom: EDCR 101 Tuesdays and Thursdays 5:30-8:30

Instructor: Linda Jacobsen Bradley, Ph.D., CPA

Office: 9 Liberty Street, Room 121

E-mail: bradleyl@cofc.edu (office)

bradleylj@home.com (alternate)

Office telephone: 843-953-8039

Assistant: 843-953-7835

Home telephone: 843-886-4977 (leave message)

843-886-4978 (alternate home)

Office hours: Tuesday and Thursday: 1:30 p.m.-5:30 p.m.

and by appointment

 

 

 

Required Texts:

Lind, Schwarz, Lathrope, and Rosenberg, Fundamentals of Corporate Taxation, Fourth Edition

 

Suggested Text: Kramer and Pope, Federal Taxation 2001, Cumulative

 

 

Prerequisites:

 

Undergraduate Tax I and graduate-student-standing

 

 

Course Objectives:

 

The objectives of this course are to:

 

1. develop the technical skills of the student to identify tax problems of corporation and not-for-profit entities, isolate the tax issues, and develop the documentary support and arguments for an acceptable solution to complex tax problems regarding corporations and not-for-profit entities, and

 

2.      develop and hone the skills of the student necessary to effectively communicate proposed solutions to tax problems.

 

Students will be required to organize and communicate their findings in oral and written (typed) reports. It will be necessary for students to spend hours each week reading the texts and using computerized database tax libraries. The class will be conducted as a seminar. Timely preparation of all written assignments is necessary since late work will not be accepted. Because the final grade is based in part on class participation, attendance is required. Missing more than 10% of the course (i.e., more than one session) will carry a pro-rata grade point penalty.

 

GRADING (approximate grading determination percentages):

 

Cases/Written Assignments/Oral Presentations/Participation 150 points

Midterm Exam #1 100 points

Final Exam (Comprehensive) 150 points

 

A Word About Cheating: DON'T!

 

Students caught cheating in this class will receive a failing grade for the course and will have their behavior reported to the Dean of Students for appropriate disciplinary action. The Honor Code of the College of Charleston is expected to be followed. Plagiarism is also cheating. Plagiarism and cheating refer to the use of unauthorized books, notes, or otherwise securing help on a test; copying tests, assignments, reports or term papers; representing the work of another person as one's own; collaborating, without authority, with another student during an examination or in preparing academic work; signing another student's name on an attendance sheet; or otherwise practicing dishonesty.

 

Assignments are to be handed in at the first of class of the date assigned. Readings are to be completed and ready for discussion at the beginning of the class of the date assigned.

 

 

Tax Research Projects:

 

The short research projects should follow the following format:

 

I. Facts V. Explanation

II. Issue VI. Alternate authority (if any)

III. Law VII. Alternate conclusion (if any)

IV. Conclusion VIII. Alternate explanation (if any)

 

 

 

Any weekly tax research papers should be a maximum of two pages typewritten. Single or double spaced is acceptable. Please do not right-justify your lines.

 

 

 

 

Tentative Reading Schedule:

Accounting 560

Taxation of Corporations and Not for Profit Entities

May Evening 2000

 

Meting # Date

 

1 5/16 Tu Formation and Capital Structure of a Corporation

Lind Ch 1, 2, 3

Problems pp. 19, 46, 53 (1-3), 63, 80, 90, 100

Kramer and Pope, Chapter 2, 3

 

2 5/18 Th Liquidations and Redemptions

Lind Ch 4, 5

Problems pp. 140, 144, 148, 151, 163, 186, 202, 219, 223, 227, 275, 278

Kramer and Pope, Chapter 4, 6

 

3 5/23 Tu Stock Dividends and Complete Liquidations

Lind Ch 6, 7

Problems pp. 289, 315, 328, 340

Tax Research Problem #1

 

4 5/25 Th Corporate Acquisitions, Reorganizations, and Divisions

Lind Ch 8, 9, 10

Problems pp. 364, 459, 468, 472, 487, 493, 502, 531, 548, 554
Kramer and Pope, Chapter 7

 

5 5/30 Tu Nonacquisitive, Nondivisive Reorganizations and Attribute Carryovers

Lind Ch 11, 12

Problems pp. 618, 624

Tax Research Problem #2

5/31 Wed Last Day to Drop with a Grade of W

 

6 6/01 Th Affiliated Corporations and Anti-Avoidance Provisions

Lind Ch 13, 14

Problems 646, 698, 663

Kramer and Pope, Chapter 5

 

7 6/06 Tu Mid-Term Exam--Corporations

 

8 6/08 Th Not-For-Profit (Tax Exempt Org) Formation

 

9 6/13 Tu Not-For-Profit (TEO) Operation

Tax Research Problem #3

 

10 6/15 Th Not-for-Profit (TEO) Charitable Contributions, Private Foundations

 

11 6/20 Tu Presentations

 

12 6/21 Th Final Exam (Cumulative)

 

13 6/27 Tu Presentations