Accounting
560/Business Law 560
Taxation of
Corporations and Not for Profit Entities
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